INTRODUCTION TO THE

CONCEPTS OF TAKAFUL
AND RISK
MANAGEMENT
PRESENTED BY,

SHAZLINA ABDUL JALIL

CERTIFIED TRAINER
MASTERS IN FORENSIC ACCOUNTING & FINANCIAL CRIMINOLOGY, UiTM
PRESENTATION OUTLINE

LEARNING OUTCOME/OBJECTIVE
BRIEF INTRODUCTION TO TAKAFUL
RISK AND TYPE OF RISK
CONCLUSION
 LEARNING OUTCOME
ABLE TO IDENTIFY RISK AND TYPES OF
RISK IN TAKAFUL

ABLE TO IDENTIFY THE NEED OF HAVING

TAKAFUL AS RISK MANAGEMENT TOOL

ABLE TO ANALYZE THE IMPORTANCE OF

HAVING TAKAFUL FOR FUTURE
PLANNING
WHAT IS TAKAFUL?

KAFALAH
PROTECTION AND JOINT
GUARANTEE
TELL ME
Your Name & Age
Current Job
In one word……
DESCRIBE RISK
RISKS & RISK MANAGEMENT

What is risk?

The possibility of  What is risk

management?
incurring a loss.
 It is a systematic
process of managing
risk to achieve set
objectives.
 1. Flood, Drought
NATURAL
Pollution, Illness,
Nuclear
7. 2.
ENVIRONMENT Epidemic
Disaster HEALTH

SOURCES
OF RISK Birth, Old
Riots, 6. 3. LIFE Age,
Elections POLITICAL CYCLE Death

Unemployment/ 5. 4.
ECONOMIC SOCIAL Crime, War
Financial Crisis
WAYS TO MANAGE RISK

A
T
I
A
WAYS TO MANAGE RISK

So…..
Avoid How does Takaful acts as
Transfer a Risk Management
Tool??
Insure
Assume
 IMPORTANCE OF HAVING TAKAFUL FOR FUTURE PLANNING
(INCOME PROTECTION / INCOME REPLACEMENT)

DEATH
INCOME POSSIBILITIES OF LOSS ACCIDENT TPD RISK
CRITICAL ILLNESS

GREAT EASTERN
TAKAFUL PROTECTS
YOUR INCOME
RISK TRANSFER
HOW?
MECHANISM
MEDICAL ILNESS
INCOME
GENERATING

TRANSFER RISK TO
TAKAFUL COMPANIES. i.e
GREAT EASTERN TAKAFUL
 COMPARATIVE EXAMPLE
MS A MS B
30 YEARS OLD 30 YEARS OLD

WORKING IN PRIVATE SECTOR WORKING IN GOVERNMENT SECTOR

HONDA CIVIC TOYOTA VIOS
SALARY: RM5,000 SALARY: RM2,800
SINGLE SINGLE
HAVE PERSONAL SAVINGS WORTH NO PERSONAL SAVINGS
RM10,000

DIAGNOSED WITH CRITICAL ILNESS

FAMILY SELLS ASSETS (LAND,PROPERTY) MEDICAL CARD COVERS THE MEDICAL

TO COVER THE MEDICAL EXPENSES EXPENSES
LOST JOB & CAR RECEIVED CI CLAIM WORTH RM100,000

ALL SAVINGS ARE USED TO COVER THE SAVINGS DONE STILL AVAILABLE FOR
MEDICAL EXPENSES FUTURE USAGE
 FOR FURTHER INFO

shazlina.abdjalil@gmail.com

019-6008183

Shazlina Haji Abdul Jalil

shazlina83