Course curriculum

  • 1

    Welcome to the course!

    • How to use this course

    • Before we begin...
  • 2

    Chapter 1: Basic Concepts of Takaful

    • T1.1 - Fundamental Concepts of Takaful

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    • T1.1 - Quiz - Fundamental Concepts of Takaful

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    • T1.2 - Types of Takaful Models Used Around the World

    • T1.2 - Quiz - Types of Takaful Models Used Around the World

    • T1.3 - Comparing Takaful to Insurance and Mutuals

    • T1.3 - Quiz - Comparing Takaful to Insurance and Mutuals

    • T1.4 - Comparing Cashflows Between Takaful and Insurance

    • T1.4 - Quiz - Comparing Cashflows Between Takaful and Insurance

    • T1.5 - Potential Revenue Streams to the Operator in Takaful

    • T1.5 - Quiz - Potential Revenue Streams to the Operator in Takaful
  • 3

    Chapter 2: Understanding the Technical Differences

    • T2.1 - Ownership of Funds in Takaful

    • T2.1 - Quiz - Ownership of Funds in Takaful

    • T2.2 - Potential Issues that Causes Qard and Potential Solutions

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    • T2.2 - Quiz - Potential Issues that Causes Qard and Potential Solutions

    • T2.3 - Surplus Sharing Under Takaful Versus Bonus Declaration Under With-Profits Life Products

    • T2.3 - Quiz - Surplus Sharing Under Takaful Versus Bonus Declaration Under With-Profits Life Products

    • T2.4 - Financial Statement as a Way to Assess Takaful Operators Soundness

    • T2.4 - Quiz - Financial Statement as a Way to Assess Takaful Operators Soundness

    • T2.5 - The Need of a Standard Financial Statement for Takaful

    • T2.5 - Quiz - The Need of a Standard Financial Statement for Takaful
  • 4

    Chapter 3: Accounting for Takaful Under IFRS 4

  • 5

    Chapter 4: Accounting for Takaful Under IFRS 17

    • T4.1 - Part 1 - Deep Dive into the Basics of IFRS 17 with Takaful Examples

    • T4.1 - Part 1 - Quiz - Deep Dive into the Basics of IFRS 17 with Takaful Examples

    • T4.1 - Part 2 - Deep Dive into the Basics of IFRS 17 with Takaful Examples

    • T4.1 - Part 2 - Quiz - Deep Dive into the Basics of IFRS 17 with Takaful Examples

    • T4.2 - Connecting the Purpose of IFRS 17 to Takaful

    • T4.2 - Quiz - Connecting the Purpose of IFRS 17 to Takaful

    • T4.3 - Comparing IFRS 4 and IFRS 17 Sample Accounts in Takaful

    • T4.3 - Quiz - Comparing IFRS 4 and IFRS 17 Sample Accounts in Takaful

    • T4.4 - Accounting at the Takaful Entity Level: Risk Sharing Versus Transfer and the Acceptability to Consolidate Funds Under the Multi Columnar Approach

    • T4.4 - Quiz - Accounting at the Takaful Entity Level: Risk Sharing Versus Transfer and the Acceptability to Consolidate Funds Under the Multi Columnar Approach

    • T4.5 - The Question of Treatment of Qard

    • T4.5 - Quiz - The Question of Treatment of Qard
  • 6

    Chapter 5: Practical Considerations in Implementing IFRS 17 for Takaful

    • T5.1 - Two columnar approach for Takaful financial statements

    • T5.1 - Quiz - Two columnar approach for Takaful financial statements

    • T5.2 - Challenges of applying mutualisation in Takaful entity reporting

    • T5.2 - Quiz - Challenges of applying mutualisation in Takaful entity reporting.

    • T5.3 - Potential operating challenges for IFRS17 reporting

    • T5.3 - Quiz - Potential operating challenges for IFRS17 reporting
  • 7

    Appendix

    • Glossary of Terms for Takaful Under IFRS 17