This module aims to provide an understanding of the takaful concept, business models and products. Candidates will be exposed to the concept of risk and mitigating such risks through takaful, and candidates will learn the legal and Shariah regulations governing the takaful industry. Candidates will also take a deeper look at takaful products in terms of underlying principles, types, risk covered, and exclusions. The module ties together some of the Shariah, legal and financial system knowledge from the Foundation level, and sets the stage for competency-driven modules such as Takaful Operations II and Structuring Products at the Proficient level.
