Course in Islamic Insurance and Commercial Insurance |Smart

Overview

Why Attend

This course offers a course in Islamic Insurance and Commercial Insurance, aimed at those who wish to acquire substantial skills in managing employee insurance in companies and institutions, insurance terms, risk management, and its application methods.

In traditional insurance, the contract is between two parties: the insured and the insurance companies, which act as the insurer. The premiums paid by the insured belong to the companies, which manage them as they wish. However, in Takaful (Islamic insurance), the two parties involved are the participants. Each participant holds two roles simultaneously: both the insurer and the insured. The role of insurance companies in Takaful is to manage the insurance operations and funds in a Sharia-compliant manner, based on the concept of agency for a known fee. The premiums collected from the participants belong to them, not to the company, and the available funds are invested for their benefit. In commercial insurance (or traditional insurance), the primary objective of insurance companies is to maximize profit at the expense of the insured, and safety, if intended, is either incidental or exceptional.

Course Objectives

By the end of the course, participants will be able to:

Target Audience for Attending a Course on Islamic Insurance and Commercial Insurance:

Corporate and company managers.
Businessmen interested in developing their insurance management skills.
Employees in the field of Islamic insurance.
Students and graduates of business administration faculties at various universities.
Anyone eager to develop expertise for working in insurance and risk management.
Anyone interested in gaining experience in Takaful insurance management.

How will participants benefit from attending the Islamic and Commercial Insurance Course?

By the end of the program, participants will have learned about:

The validity of Islamic insurance.
The regulations governing general insurance activities.
The differences between Islamic insurance, Takaful, and traditional insurance.
The concept of insurance and its role in protecting assets and property against potential risks.
The mechanisms for implementing Islamic insurance.
The role of alternative dispute resolution methods such as arbitration and mediation in resolving insurance-related disputes.

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Course Outline

Concept of Commercial Insurance and Its Importance: Understanding the concept of commercial insurance and its significance in protecting businesses from potential risks and losses.

Insurance Characteristics: Explaining the defining features of insurance, including its purpose and functioning.

Risk Management: The process of identifying, assessing, and prioritizing risks to minimize their impact on business operations.

Concept of Islamic Insurance (Takaful): Overview of Islamic insurance (Takaful), a cooperative insurance model based on shared responsibility and mutual protection.

Claim Compensation: The process of filing and receiving claims for compensation in the event of a covered loss or damage.

Risk Insurance: Understanding risk insurance, which provides protection against unexpected events or disasters.

Legislations and Laws Related to Takaful Insurance: The regulatory framework governing Takaful insurance practices, ensuring compliance with legal and ethical standards.

Procedure Coding System in Risk Management and Insurance: The use of standardized coding systems for managing procedures related to risk and insurance claims.

Risk Identification, Classification, and Current Terminology in Insurance Policies: Methods for identifying and classifying risks, along with current terminologies used in insurance policies.

Pros and Cons of Islamic Insurance: A discussion on the advantages and disadvantages of Islamic insurance compared to conventional models.

Overcoming Challenges in Implementing Islamic Insurance: Addressing obstacles and strategies for successful implementation of Islamic insurance.

Applications and Practical Cases: Exploring real-life applications and case studies of insurance policies in action.

Course Schedule and Locations: Courses are held in various countries including Egypt, Jordan, Malaysia, Turkey, England, France, Italy, Germany, Sweden, Austria, Denmark, as well as Australia and the USA.

The courses are offered at times and locations that suit your work schedule.

Training Delivery Formats:

Group training at academy centers.
Individual training at workplaces.
Field training with a comprehensive work program.
Theoretical training in designated rooms within the academy.

Certification Upon Completion: Upon completing the course, participants will receive an accredited certificate from for attending the Islamic and Commercial Insurance course.

Schedule & Fees

2026 Schedule & Fees

11 - 15 Oct, 2026

English

Per participant USD 2,900

11 - 15 Oct, 2026

Arabic

Per participant USD 2,900

29 Nov - 3 Dec, 2026

English

Per participant USD 2,900

29 Nov - 3 Dec, 2026

Arabic

Per participant USD 2,900

2027 Schedule & Fees

10 - 14 Jan, 2027

English

Per participant USD 2,900

10 - 14 Jan, 2027

Arabic

Per participant USD 2,900

28 Feb - 4 Mar, 2027

English

Per participant USD 2,900

28 Feb - 4 Mar, 2027

Arabic

Per participant USD 2,900

11 - 15 Apr, 2027

English

Per participant USD 2,900

11 - 15 Apr, 2027

Arabic

Per participant USD 2,900

30 May - 3 Jun, 2027

English

Per participant USD 2,900

30 May - 3 Jun, 2027

Arabic

Per participant USD 2,900

11 - 15 Jul, 2027

English

Per participant USD 2,900

11 - 15 Jul, 2027

Arabic

Per participant USD 2,900

29 Aug - 2 Sep, 2027

English

Per participant USD 2,900

29 Aug - 2 Sep, 2027

Arabic

Per participant USD 2,900

10 - 14 Oct, 2027

English

Per participant USD 2,900

10 - 14 Oct, 2027

Arabic

Per participant USD 2,900

28 Nov - 2 Dec, 2027

English

Per participant USD 2,900

28 Nov - 2 Dec, 2027

Arabic

Per participant USD 2,900