Takaful: Islamic Insurance in Practice
Takaful is not conventional insurance with Arabic labels — it is a different promise, with different money flows, and it must be run that way to deserve the name.
Format
Classroom · Live Virtual
Upcoming sessions
Pick a session to applyADMISSIONS OPENThe programme
Takaful is among the fastest-growing corners of Islamic finance — and among the least understood, including inside the firms that sell it. This programme teaches the model as it must actually operate: the mutuality contract and the operator models — wakala, mudaraba, hybrid — with the fee and surplus flows that follow each; product design for family and general takaful; the participants’ fund as the heart of the promise — surplus distribution, deficits and the qard facility; retakaful and its scarcity; and the governance and regulatory layer, from Sharia boards to the IFSB-aligned regimes emerging across the Gulf, Africa and Asia.
What you will do
Who attends
Takaful operators’ technical and finance staff; conventional insurers entering takaful; regulators supervising takaful windows; Islamic bank staff distributing bancatakaful.
Programme agenda
Built for the decisions no textbook prepares you for
I.The model
- Mutuality and tabarru: what makes takaful different in substance
- Operator models — wakala, mudaraba, hybrid — and their incentives
- The two funds: shareholders’ and participants’, kept honestly apart
II.The products and the fund
- Family and general takaful: design, pricing, distribution
- Surplus distribution and deficits: the qard facility in practice
- Retakaful: capacity, scarcity and the conventional fallback question
III.Governance and supervision
- Sharia governance specific to takaful operations
- IFSB-aligned regulatory regimes across the Gulf, Africa and Asia
- Financial reporting for takaful: the presentation questions that recur
Frequently asked
Do the programmes cover reinsurance and underwriting discipline?
Yes — the insurance curriculum includes advanced reinsurance, underwriting portfolio management, captives and alternative risk transfer, business interruption and specialty lines such as project cargo. Participants leave able to structure a reinsurance programme, steer an underwriting portfolio by its numbers, and price the risks their market actually writes.
Is there content on risk management and finance for insurers specifically?
Yes. Dedicated programmes cover market and liquidity risk management for insurers, enterprise risk management, running effective risk workshops, and finance for insurance professionals. The material is written for insurers’ balance sheets, not adapted from banking slides.
Can a programme be run privately inside our company?
Yes. Every BIZENIUS programme is available in-house, tailored to your lines of business, your market and your regulatory context, in English or French. Insurers often use private editions to put underwriting, claims and risk teams through the same casework together.
In which languages and formats do the insurance programmes run?
English and French, in classroom, live virtual and hybrid formats. BIZENIUS delivers from Dubai and Bangalore and on client sites, having served 150+ client organisations across 45+ countries on four continents.
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In their words
Knowledge transfer, emphasised throughout
“We worked with BIZENIUS for our Fresh Graduates Programme — they are simply amazing. Knowledge transfer and practical learning were emphasised throughout.”
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The Capability Arc™
Fix it · Advisory
Advisory & Consultancy
A senior bench across risk, treasury and regulation.
Learning is one point on the Capability Arc. Many institutions pair this programme with the advisory engagement — and automate what the framework demands.
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Take the brochure with you.
One request — the full agenda, the faculty and the next cohort dates, sent personally by the admissions team.