Takaful Risk Management
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Takaful Risk Management
Online Learning
Duration:
9:00 am to 1:00 pm UK time (on both days)
Date:
2 & 3 November 2026
CPD Hours:
8 hours
Modules:
8 sessions
Through the collaboration between Corporate Risk Management Institute (CRMI) and the Institute of Risk Management (IRM), London, we are pleased to launch the first accredited Takaful Risk Management Programme, combining international risk management best practice with Sharia governance principles.
By the end of the course, participants will be able to:
- Explain the principles of Takaful and distinguish between Wakalah, Mudarabah, Hybrid and cooperative operating models.
- Compare Takaful risk-sharing with conventional insurance risk-transfer approaches and identify the resulting risk implications.
- Apply established ERM principles and frameworks, including ISO 31000 and COSO, within a Takaful environment.
- Identify and assess key Takaful risks, including Shariah non-compliance, underwriting, investment, liquidity, operational, fiduciary, governance, conduct and reputational risks.
- Explain the role of Shariah governance, including the responsibilities of boards, Shariah supervisory bodies, management, risk, compliance and assurance functions.
- Develop risk appetite and tolerance approaches that incorporate strategic objectives, ethical boundaries, participant protection and Shariah requirements.
- Evaluate investment and operational risks associated with Shariah-compliant portfolios, participant/shareholder funds, controls and surplus distribution.
- Apply the learning to design the core elements of an effective Takaful ERM framework.
These objectives consolidate the individual session objectives contained throughout the programme.
Day 1 – Takaful Risk Management Foundations
- Introduction to Takaful – principles, operating models and key risks
- Shariah Governance – roles, responsibilities and compliance risk
- ERM in Takaful – applying ISO 31000/COSO, risk assessment and controls
- Case Study – applying risk and governance concepts to a Takaful operator
Day 2 – Managing Takaful Risks
- Risk Appetite & Tolerance – strategy, ethical boundaries and participant protection
- Investment Risk – Shariah screening, market, liquidity and concentration risk
- Operational Risk – fiduciary duties, surplus distribution, controls and culture
- Practical Simulation – designing a Takaful ERM framework and action plan
- Language: English
- Duration: 2 Days. 9:00 am to 1:00 pm UK time (on both days)
- CPD Hours: 8 Hours
- Modules: 8 Sessions
- Seats: limited to 20
- Date: 2 & 3 November 2026
- Limited places (20 seats)
- Standard Fee: USD 795 per delegate
- Early Bird Rate: USD 595 per delegate (Before 31 August)