Principles and Practices of Islamic Insurance
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This course will provide students with an advanced understanding of Islamic insurance or "Takaful."
Practices that resemble modern-day insurance date back centuries. The Islamic practice of Takaful originated among ancient Arab tribes. It functioned as a pooled liability that required offenders from one tribe to pay compensation to the victims (or their heirs) of another. Takaful has since evolved to include many forms and plans needed in Modern society while still meeting the approval of Muslim scholars.
This course begins with an introduction to insurance and risk management. You'll explore the Islamic perspective on insurance and risk, risk identification, and measurement. From there, you'll review tools of risk management, risk avoidance, and risk financing, as well as insurance as a risk financing tool.
You'll take a closer look at specific Islamic finance products, as well as perspectives on risk taking versus risk avoidance and note milestones in the Islamic approach to risk reduction. Finally, you'll explore the six stages of Islamic insurance development and examine insurance contracts - their purposes, limitations, and sources.
What you'll learn
- Overview of Economic Risk
- Islamic Perspective on Risk Management
- Principles of Islamic Risk Management
- Underlying Legal Principles
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Rating | Not enough ratings |
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Length | 4 weeks |
Effort | 3 - 6 hours per week |
Starts | On Demand (Start anytime) |
Cost | $50 |
From | The Islamic Research and Training Institute, IRTIx via edX |
Instructors | Ahmed Iskanderani, Azmi Omar, Khalifa M. Ali Hassanain, Yahya Aleem ur Rehman |
Download Videos | On all desktop and mobile devices |
Language | English |
Subjects | Business |
Tags | Economics & Finance |
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Careers
An overview of related careers and their average salaries in the US. Bars indicate income percentile.
Insurance Coordinator 3 $33k
Arabic, Quran, and Islamic Studies Private Instructor $35k
INSURANCE REP. $36k
Insurance Advisor P&C $40k
Insurance Generalist $42k
Insurance Salesperson $43k
Insurance Recovery $47k
Insurance Broker 2 $47k
Insurance Adjuster 1 $50k
Commissioner of Insurance $52k
Insurance Servicing $53k
Reference Librarian; Islamic Specialist $69k
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Rating | Not enough ratings |
---|---|
Length | 4 weeks |
Effort | 3 - 6 hours per week |
Starts | On Demand (Start anytime) |
Cost | $50 |
From | The Islamic Research and Training Institute, IRTIx via edX |
Instructors | Ahmed Iskanderani, Azmi Omar, Khalifa M. Ali Hassanain, Yahya Aleem ur Rehman |
Download Videos | On all desktop and mobile devices |
Language | English |
Subjects | Business |
Tags | Economics & Finance |
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