Shariah Issues for Takaful : Trends, Legislation and Governance

Instructor by : Herry Ahmad Buchory & Tim   DESCRIPTION “With the continued buoyancy in the estimated US$2 trillion global Islamic finance markets, the global takaful market is estimated to continue its double-digit growth momentum of about 14% in 2014. By 2017, the global takaful industry may reach over US$20 billion.”

– Ernst & Young, Global Takaful insights 2014

Indonesia’s takaful industry has been gaining momentum and is increasingly recognized as a significant contributor to the country’s overall Islamic financial system. However, with the increase in the sophistication and complexities within the industry, there is also an increase in the issues pertaining to Shariah and challenges in the regulatory standards and processes that govern the industry. This workshop will provide participants with the latest trends and updates of the Takaful business in Indonesia and the global market. The event will highlight the current issues and challenges that will impact Takaful operators and the future regulatory developments to enhance the risk management processes within the industry and in the region.   OUTLINE MATERIAL

1. Development and performance of the Indonesia Takaful industry
2. Underlying contracts in Takaful
3. Shariah issues and challenges in the Takaful business
4. Auditable areas in Takaful

  PARTICIPANT

1. Shariah team members
2. Shariah audit and compliance professionals
3. Regulatory compliance and governance
4. Internal auditors
5. Product development
6. Risk and accounting managers from Takaful providers
7. Brokers and reTakaful companies
8. Regulators and Shariah supervisory board
9. Shariah scholars
10. Management consultants

  TRAINING METHOD Presentation Discussion Case Study Evaluation   FACILITY Training Kit Handout Certificate Lunch + 2 X Coffee Break Souvenir