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Introduction to Family Takaful in Malaysia

Gain an understanding of takaful (Islamic insurance) to help you make informed decisions about your family’s financial protection.

Introduction to Family Takaful in Malaysia

  • 3 weeks

  • 1 hour per week

  • Digital certificate when eligible

  • Introductory level

Find out more about how to join this course

  • Duration

    3 weeks
  • Weekly study

    1 hour
  • 100% online

    How it works
  • Unlimited subscription

    $244.99 for one whole yearLearn more

Discover the benefits of Takaful insurance

Takaful is an Islamic insurance system devised to comply with shariah laws. We shall discuss the principles and concepts of takaful for you to develop a strong foundational knowledge of the subject. Although the course highlights the framework, products and how family takaful works in Malaysia, the same concepts as well principles may also be adopted and applied throughout the world.

In this three-week course, you’ll gain an understanding of family takaful and its benefits to help you make informed decisions about your family’s financial planning and protection.

If you have any experiences on family takaful before, please share with others in this course.

Syllabus

  • Week 1

    Introduction to Family Takaful

    • Welcome to the course

      A warm welcome to the course from the educator! This course will be facilitated for a week from the launch date (24th July 2023).

    • Introduction to Family Takaful

      You will learn briefly about the features of Family Takaful such as the concepts of Family Takaful, and who manages Family Takaful funds and how the funds are administered.

    • Individual Life Cycle in Financial Risk Planning

      You will learn about the major stages of the human life cycle and how each life cycle influences the financial risk planning.

    • Summary and Reflection for Week 1

      In learning about the concept and principles of takaful, you are exposed to some ideas about the features of takaful.

  • Week 2

    Family Takaful Products

    • Family Takaful Product: Protection Only

      You will learn on Family Takaful products which focuses on protection only. The protection-only products are Term Takaful, Whole Life Takaful and Mortgage Reducing Takaful.

    • Family Takaful Products: Protection and Savings Investment Only

      You will learn on Family Takaful Products which focuse on protection and savings/investment. The products are Endowment Takaful, Investment linked Takaful and Child Education Takaful.

    • Family Takaful Products: Medical and Health Takaful

      You will learn on Family Takaful coverage which are Medical and Health Takaful. The Medical and Health Takaful products are Hospitalization Takaful and Critical Illness Takaful.

    • Summary and Reflection

      A summary and reflection on what was learnt in week 2.

  • Week 3

    Making the Right Fit

    • Making the right fit

      You will learn how to choose the right Family Takaful plan and how to determine the amount of Family Takaful coverage.

    • Summary and Reflection

      Summary and reflection of week 3 of the course.

    • What's Next?

      Congratulations, you have completed watching the 6 videos. Next, in order to obtain the certificate of completion, you are required to take the course assessment. Details of the course assessment are provided in the next page.

    • Course Evaluation

      We want your feedback.

When would you like to start?

Start straight away and join a global classroom of learners. If the course hasn’t started yet you’ll see the future date listed below.

  • Available now

Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Describe the features of Family Takaful
  • Compare the different products of Family Takaful
  • Identify the type of Family Takaful product for an individual

Who is the course for?

This course is designed for anyone interested in Takaful (Islamic) insurance and wishes to gain an understanding of how it works.

It may also be of interest to those who are interested in exploring alternative approaches to insurance and financial planning.

Who will you learn with?

I have been teaching Takaful for the last 15 years. Before that I have served as a CEO in the actuarial, insurance and Takaful industry for 35 years.
Enjoy the course.

Who developed the course?

INCEIF

INCEIF is considered to be the knowledge leader in Islamic finance through providing excellent teaching, research and thought leadership.

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Ways to learn

Choose the best way to learn for you!

Subscribe & save

$244.99 for one whole year

Automatically renews

Develop skills to further your career

  • Access to this course
  • Access to 1,000+ courses
  • Learn at your own pace
  • Discuss your learning in comments
  • Tests to boost your learning
  • Digital certificate when you're eligible

Cancel for free anytime

Buy this course

$109/one-off payment

Fulfill your current learning need

  • Access to this course
  • Learn at your own pace
  • Discuss your learning in comments
  • Tests to boost your learning
  • Printed and digital certificate when you’re eligible

Limited access

Free

Sample the course materials

  • Access expires 17 Mar 2024

Find out more about certificates, Unlimited or buying a course (Upgrades)

Sale price available until 4 March 2024 at 23:59 (UTC). T&Cs apply.

Find out more about certificates, Unlimited or buying a course (Upgrades)

Sale price available until 4 March 2024 at 23:59 (UTC). T&Cs apply.

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  • Complete 90% of course steps and all of the assessments to earn your certificate

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