Islamic Insurance: Challenges and Opportunities

Islamic banking and insurance is regarded as one of the fastest growing areas of modern international finance, and the potential for this exciting market is only just being realised. Over recent years the sector has grown rapidly and it is projected to make huge strides in years to come.

This three-day course will provide participants with an in-depth understanding of Islamic insurance (Takaful) and the issues at play in the sector. The course will examine the nature of Takaful, illustrating how and why it differs from both conventional insurance and mutual or co-operative funds.

The course will analyse the nature of the Takaful contract, legal issues and structures involved, as well as the legal and accounting concerns in the treatment of funds and profit/losses. The course will consider the nature and the size of the industry today and where scope for growth lies. Participants will gain an understanding of both the challenges and the opportunities that arise in Islamic insurance and the course is suited to those who are focused on becoming involved in this rising sector.

Attend this course and develop a greater understanding of:

• The Islamic view on the problems of interest, gambling,uncertainty & exploitation
• The legal identity of a Takaful fund
• Takaful and mutual insurance, how are they similar/different?
• Legal and accounting treatment of funds and profit/losses
• Challenges to Takaful
• Issues regarding Re-Takaful
• Takaful and Islamic banking integration

To register, please visit Euromoney Legal Training, or contact Andrew Powell on 0207 779 7205 or email apowell@euromoneyplc.com.