Firstly, ask yourself these questions:

Insurance or Takaful? What are the differences? How are they different? 

Insurance and Takaful share a common goal; to mitigate risk. The action of embracing into Takaful or Insurance is to manage various risks exist in our everyday lives.

We believe in taking chances but often we don’t know if it’s worth the risk. We believe though, the higher the risk, the higher will be the reward. Sometimes taking risks can excite us and will get the adrenaline pumping, and this can be a reward in itself. 

Thus, risk management is very important and here comes Takaful or Insurance into the picture. There are various strategies to manage threats include transfer, avoid, and reduce. In the modern era, Insurance and Takaful are often associated with risk management but few know the differences. So here we are to help you! In this course, you'll learn about Takaful and Insurance, their concepts and operations.


Catch you soon!! 

What will you learn?

This course will expose the students to the various Takaful business models. It consists of 5 awesome parts:

Part 1: What are Risks?

Part 2: Shari’ah Principles and Practices Underlying Takaful

Part 3: Categories and Models of Takaful

Part 4: Takaful Products and Practices

Part 5: Evaluating Takaful Plan


At the end of this course, you should be able to:

  • identify the category of risks and its influence towards insurance and Takaful;
  • explain the forbidden elements (Shari'ah compliance) in Insurance business;
  • illustrate Takaful business models and how it operates;
  • explore and explain about Takaful products;
  • and FINALLY,  to evaluate a plan (Takaful or insurance) for yourself.

So, what are you waiting for? Come and join our community. Be interactive, share knowledge, and make new friends together here! :)

The Team

Fathaiya Jamaludin       567 kudos

Hi, I enjoy experiencing learning the social way ! My education includes a Master of Science in Food Chemistry, and a Bachelor of Science in Organic Chemistry w...

Nurfarahin Mazlan       164 kudos

Hi guys! I am Nurfarahin! I'm here to help you through your needs in your passion of learning. I am particularly interested in the growth of Islamic Finance and...

Ateqah Madon       122 kudos

Hello everyone, I'm a teacher for this course and I can't wait to learn with all of you.

Norazlan Johardo       54 kudos

I am an e-Learning Executive...

Hueyzher       19 kudos

Hello everyone, I'm a teacher for this course and I can't wait to learn with all of you.

Sarafuddin Abdul Syahid Sowell       11 kudos

Hello everyone, I'm a teacher for this course and I can't wait to learn with all of you.

sharizal       9 kudos

'I'm not a diva!'- Jai Ho...

Ezamshah Ismail       2 kudos

I am the Dean of SPS at INCEIF...

The Community

793 Students           2053 Comments


More Information

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Introduction to Islamic Finance (Takaful)

Status: Self-paced

Students: 793