ORIENTATION TO TAKAFUL FOR

GENERAL TAKAFUL AGENTS

CONTENTS
1. RISK & INSURANCE
a)
b)
c)
d)

Definition of Risk
Types of Risks.
Insurance as a risk transfer mechanism.
Fundamental principles of Insurance.

2. SHARIAH
a) Origin of Takaful
b) Takaful through time
c) Waqf

3. INTRODUCTION TO TAKAFUL
a) Concept of Takaful
b) Takaful defined
c) Principles of Takaful

4. ELEMENTS OF
a) Gharrar
b) Maisir
c) Riba

Takaful Models
a) Mudaraba
b) Wakala
c) Wakala Wakf

5. AGENCY CONTRACTS
a)
b)
c)
d)
e)

Types of Agency Contracts

Qualifications & Criteria
Relationship with the Principal/Participant
Relationship with the Takaful Operator
Market Conduct & Business Ethics

6. CLASSES OF GENERAL TAKAFUL

a)
b)
c)
d)
e)

Fire/Property
Marine
Motor
Miscellaneous
Engineering

7. TAKAFUL DOCUMENTS
a)
b)
c)
d)
e)

Proposal Forms
Participants Membership Documents
Declarations
Claims Procedures
Surplus declaration & Return

8. UNDERWRITING INFORMATION REQUIREMENTS FOR

a)
b)
c)
d)

Fire/Property
Marine
Motor
Other

9. FOLLOW-UP AND CLIENTS SERVICING

a) Timely and accurate submission of data
b) Follow-up with the
i) Participants
ii) Takaful Operator`
c) Reconciliation of Statements of Accounts
d) Assimilation of Market Trends & Intelligence