The Certified Islamic Insurance Professional (CIIP) program is a prestigious certification meticulously designed to equip individuals with advanced knowledge and expertise in the specialized domain of Islamic insurance, also known as Takaful. Islamic insurance operates on principles that adhere to Shariah law, and managing Takaful products requires a deep understanding of both insurance principles and Islamic ethics. Professionals with CIIP certification are recognized for their mastery in Takaful principles, product structuring, regulatory compliance, and ethical standards within the Islamic insurance industry.

Certification Program Objectives:

Upon completing the Certified Islamic Insurance Professional (CIIP) program, participants will acquire a comprehensive skill set, including the ability to:

• Islamic Insurance Fundamentals: Develop a deep understanding of the foundational principles of Takaful, the ethics of Shariah-compliant insurance, and the significance of Islamic insurance products.
• Takaful Product Structuring: Proficiently design and structure a wide range of Islamic insurance products, ensuring compliance with Shariah principles.
• Regulatory Compliance: Understand and adhere to regulatory requirements specific to Islamic insurance product development and management.
• Ethical Standards in Takaful: Demonstrate ethical conduct and professional integrity in all aspects of Islamic insurance product development.

Certification Requirements:

• Bachelor’s Degree

And/or

• 2 – 5 years of relevant work experience

Certifying Examination:

• To be certified as CIIP, student should take up a 1.5 hours exam at the designated examination centers.
• The qualifying exam would consist of 50 multiple choice questions, testing core certification modules.
• Professionals with relevant experience and other qualifying criteria may be exempted from the examination.

Certification Modules:

1. Islamic Insurance Fundamentals
2. Takaful Product Structuring
3. Regulatory Compliance in Islamic Insurance
4. Ethical Standards in Takaful
5. Investment Management in Takaful
6. Shariah Governance and Supervision in Islamic Insurance

* The modules of the certification are constantly updated and are subject to change.

Who Should Do This Certification:

The Certified Islamic Insurance Professional (CIIP) certification is highly beneficial for professionals across various roles and industries, including:

• Islamic Insurance Product Developers: Those already in the field, seeking to enhance their knowledge and skills for career advancement.
• Finance and Investment Professionals: Individuals interested in specializing in Islamic insurance product development and management.
• Aspiring Islamic Insurance Professionals: Students and individuals looking to enter the field of Islamic insurance product development and acquire foundational knowledge.
• Compliance Officers: Professionals responsible for ensuring that Islamic insurance practices adhere to Shariah law and regulatory standards.
• Small Business Owners: Entrepreneurs and business owners interested in offering Shariah-compliant insurance products.

Earning the CIIP certification signifies your expertise in managing Islamic insurance effectively, from understanding regulations and ethical standards to designing compliant Takaful products. Whether you are already working in the industry or aspire to do so, this certification equips you with the knowledge and skills needed to excel in roles that demand advanced proficiency in Islamic insurance.

Join the CIIP program and embark on a journey to become a Certified Islamic Insurance Professional, contributing to the growth and inclusivity of the Islamic insurance industry by offering innovative and Shariah-compliant insurance solutions.