151766020 COOPERATIVE INSURANCE ( 3 Crd.Hrs )

Pre-Requisites : 151766010

This course addresses risks from the Islamic perspective, and presents ways on how to mitigate and manage them within Islamic principles and laws. The main focus is on cooperative insurance as one of the most important forms of Takaful and the comparison between it and traditional insurance. Additionally, the course aims to study the mechanisms of application and management of Takaful and its related processes, risk management, the actuary concept, and the most widely used practices. Moreover, the purpose of the course is to study the regulatory and legal environment for Takaful operations with an evaluation of the experiences of some Islamic countries in the field of Takaful insurance, Malaysia in particular.