ICMIF seminars PDF Print

ICMIF Takaful Network Seminar

5th to 6th May 2009
Manama, Bahrain
Host: Solidarity
Organiser: ICMIF

The second ICMIF Takaful Network meeting was held on May 5 and 6, 2009 at the Elite Suite in Manama, Bahrain. The meeting hosted by Solidarity had 35 delegates registered from 20 member organisations attending. The aim was to bring together the wealth of experience amongst ICMIF members across the globe and include presentations from France, Kenya, Sri Lanka, Sweden, Malaysia, Tunisia, UAE and Bahrain. This was a unique opportunity for members to exchange ideas in a friendly workshop environment and once again many Takaful members particpated in an ICMIF event.

As well as listening to presentations on day one delegates were invited to a visit tour where they had the privilege to discover Bait Al Quran and the Bahrain National Museum . Solidarity also produced a daily newsletter for the seminar delegates, which can be downloaded below.

  1. Takaful: Challenges and the Way Forward, Abdul Rahman Baker, Central Bank of Bahrain, Bahrain
    ENGLISH
  2. The Future of Takaful: Opportunities in Adversity, Salmaan Jaffrey & Mark Stanley, Ernst & Young, Bahrain
    ENGLISH
  3. Mutuality in Practice, Sebastien Chauve, MACIF, France
    ENGLISH
  4. Introducing Takaful in Non-Takaful Market,
    Eshan Zaheed, Amana, Sri Lanaka ENGLISH
    Mikael Petersson, Folksam, Sweden ENGLISH
    Steve Muia, CIC Ltd, Kenya, ENGLISH
  5. Ethical Positioning in Insurance & Takaful, Sharil Azuar Jimin, Etiqa, Malaysia
    ENGLISH
  6. Status of Micro-Insurance in Bangladesh, Muhammed Sha Alam, Prime Islami Life Insurance Ltd, Bangladesh
    ENGLISH
  7. Balanced Wakala Models in General Takaful, Gautam Datta, Solidarity General Takaful, Bahrain
    ENGLISH
  8. Surplus Distribution and Corporate Governance, Mahomed Akoob, Hannover Re Takaful, Bahrain
    ENGLISH
  9. Key Corporate Governance Issues for Takaful Operators, Abdulrahman Khalil Tolefat, Allianz Takaful, Bahrain
    ENGLISH
  10. New Retakaful: Is it Time to Convert from Conventional?, Chakib Abouzaid, Takaful Re, UAE
    ENGLISH
  11. The Role of Family Retakaful , Sami Guellouz, Best Re, Tunisia
    ENGLISH
  12. What Can Takaful Operators Do To Improve Policyholder Benefits , Gopi Rao, Solidarity, Bahrain
    ENGLISH



ICMIF Takaful Network Seminar

16 June 2008 to 17 June 2008
Kuala Lumpur, Malaysia
16 June 2008 to 17 June 2008
Kuala Lumpur, Malaysia
Host: Etiqa
Organiser: ICMIF

The first ICMIF Takaful Network meeting was held on June 16 and 17, 2008 at the Prince Hotel and Residence in Kuala Lumpur, Malaysia. The meeting hosted by Etiqa had forty delegates registered from eighteen member organisations attending. The aim was to bring together the wealth of experience amongst ICMIF members across the globe and include presentations from Trinidad & Tobago, Canada, Pakistan and Bahrain. This was a unique opportunity for members to exchange ideas in a friendly workshop environment and the first time many Takaful members particpated in an ICMIF event.

As well as listening to presentations on day one delegates were invited to visit the offices of Etiqa and Takaful Ikhlas to discuss first hand operational issues with company representatives. Etiqa also produced a daily newsletter for the seminar delegates, which can be downloaded below.

Web site: http://www.icmif.org/takaful2008

Download brochure

Presentations

  1. Takaful and Mutuality, Prof Dr Mohd Ma`sum billah, MBW Group
    ENGLISH
  2. Dare To Be Different … PruBSN's Way, Mr Mohamad Salihuddin Ahmad, Prudential BSN Takaful Berhad
    ENGLISH
  3. Opportunities & Challenges Related to Takaful Sector in Bahrain, Mr Gopi Rao, Solidarity
    ENGLISH
  4. Takaful General in the Indonesian Insurance Market, Mr Dadang Sukresna, Asuransi Takaful Umum
    ENGLISH
  5. Challenges and Opportunities in establishing Takaful in Canada, Mr Pervez Nasim, Islamic Housing Cooperative
    ENGLISH
  6. Successful Islamic Insurance Operations in the 21st Century, Mr Ahmad Feizal Sulaiman Khan, Etiqa
    ENGLISH
  7. Takaaful among Muslim Minorities- The case of Takaful T&T Friendly Society, Mr Imtiaz Ali, Takaaful T&T
    ENGLISH
  8. Branding Microinsurance in Sri Lanka (Amana Takaful), Mr Aashiq Aminuddin, Amana
    ENGLISH
  9. Humanising Takaful through Cyber Communities, Mr.Izzuddin Shah Othman, Etiqa
    ENGLISH
  10. How Do We Operationalise Our Model?, Tn Hj Mohd Tarmidzi Ahmad Nordin, Etiqa
    ENGLISH
  11. Agency Management,Training and Incentive Programme, Tuan Haji Rozhan Yusof, Takaful Ikhlas
    ENGLISH
  12. Internet Point Of Sale, Haji Wan Mohd Fadzlullah Wan Abdullah, Takaful Ikhlas
    ENGLISH

Mutuality, Cultural Diversity and Sustainable Development Seminar

21 May 2004
Tunis, Tunisia

The seminar attracted 61 delegates from 18 countries and included presentations from the cooperative and mutual movement and the Islamic insurance sector. Dawood Taylor, head of Takaful Tawunni (Saudi Arabia), confirmed that mutual and cooperative principles were at the heart of insurance under Islamic law, but noted that regulatory restrictions have made it necessary for outside capital to be required and this has meant many recently formed Takafuls have been a hybrid of the mutual and stock form.

In his conclusions Mr Taylor stated that the best form of Takaful would ideally be an existing mutual or cooperative insurer which invested its premiums compliant with Islamic principles, which basically are truly ethical.

Ahmed Sabbagh, general manager, the Jordan Islamic Insurance Company, in his presentation recognised the need for the Takaful movement to work closely with the mutual and cooperative movement. The session was concluded by Farid Benbouzid, managing director, BEST Re, with encouragement for the two movements to build a closer relationship and to work on building upon their core similarities.

The session on poverty included presentations on projects in Senegal, Mali and Tunisia demonstrating that the mutual and cooperative form was prevalent across Africa and was the most appropriate vehicle to provide financial services to low income sectors. Presentations were also made on the challenges of developing insurance markets by Jean-Louis Bancel for the African market and Farid Benbouzid on the current developments in Middle East insurance sector.

The session concluded that greater cooperation and assistance was needed to enable the sustainable growth of the insurance provision in these regions.

“The seminar on mutuality and cultural diversity has laid the ground for new and interesting avenues for the international cooperative and mutual insurance movement and we are grateful to Best Re for this unique opportunity. It is now important for ICMIF to build on the findings of this seminar and extend the hand of cooperation to the Takaful movement and support the principles of mutuality in all its various forms.” said Hans Dahlberg, former chief executive, ICMIF.

Presentations

  1. Principles and practices around the world, Hans Dahlberg
    ENGLISH | FRENCH
  2. The benefits of mutuality and an analysis of the French market, Jean-Louis Bancel
    ENGLISH | FRENCH
  3. Takaful models around the world and the case of Takaful Tawwuni, Dawood Taylor, Bank Al Jazira
    ENGLISH | FRENCH
  4. Mutuality and Takaful, the case of Jordan, Ahmed Sabbagh, The Islamic Insurance Company
    ENGLISH
  5. A viewpoint on the development of the global Takaful sector, R. Farid Benbouzid, BEST Re
    ENGLISH | FRENCH
  6. Mutuality, cultural diversity and development: The case of Senegal, Ibrahima Cissé, SOSAR
    ENGLISH | FRENCH
  7. Health insurance and micro-insurance in Western Africa, Kulmie Samantar, FNMF
    ENGLISH | FRENCH
  8. Micro-insurance in the Maghreb, Sami Guellouz, BEST Re
    ENGLISH | FRENCH
  9. Product development in the African market, Jean-Louis Bancel
    ENGLISH | FRENCH
  10. Issues in a changing insurance market, the case of the Middle East, R. Farid Benbouzid, BEST Re
    ENGLISH | FRENCH
 

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