The Certified Takaful Professional (CTP) program is a comprehensive certification designed to equip individuals with specialized knowledge and expertise in the field of Takaful (Islamic insurance). Takaful operates on principles that adhere to Shariah law, and professionals in this field must have a deep understanding of both insurance and Islamic ethics. The CTP program offers an in-depth curriculum that covers Takaful principles, operations, regulatory compliance, and ethical standards, ensuring that graduates are well-prepared to excel in roles that require precision and proficiency in the Takaful industry.

Certification Program Objectives:

Upon completing the Certified Takaful Professional (CTP) program, participants will be able to:

• Master Takaful Fundamentals: Develop a deep understanding of the foundational principles of Takaful, including concepts such as Mudarabah and Wakalah, and the ethical aspects of Islamic insurance.
• Operate Takaful Models: Proficiently understand and operate various Takaful models, including family and general Takaful, and effectively manage Takaful funds.
• Ensure Regulatory Compliance: Understand and adhere to regulatory requirements related to Takaful operations, including compliance with Shariah law and ethical standards.
• Conduct Risk Assessment: Identify, assess, and manage risks associated with Takaful operations and investments while ensuring compliance with ethical and Shariah principles.
• Uphold Ethical Standards: Demonstrate ethical conduct and professional integrity in all aspects of Takaful operations and management.

Certification Eligibility Criteria:

To apply for certification from The American Institute of Business and Management (AIBM) and its allied institutions, candidates must meet at least one of the following criteria:

• A Bachelor’s degree from a recognized institution

And/or

• 2 to 5 years of relevant work experience in the related professional field.

Note: Applicants who do not hold a Bachelor’s degree but possess exceptional professional experience and hold significant positions within their organizations in a relevant field may also be considered for certification on a case-by-case basis, subject to the approval of the AIBM evaluation committee.

Certifying Examination:

• To be certified as CTP, student should take up a 1.5 hours online exam conducted by AIBM.
• 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. Takaful Fundamentals and Principles
2. Takaful Models and Operations
3. Regulatory Compliance in Takaful
4. Risk Assessment and Management
5. Takaful Product Development and Marketing
6. Shariah Governance and Ethics in Takaful

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

Who Should Do This Certification:

The Certified Takaful Professional (CTP) certification is highly beneficial for professionals across various roles and industries, including:

• Takaful Operators: Individuals working in Takaful companies who want to deepen their understanding of Takaful principles and excel in the management of Takaful operations.
• Insurance Professionals: Insurance professionals seeking to specialize in Takaful and enhance their expertise in Shariah-compliant insurance practices.
• Risk Managers: Risk management professionals looking to specialize in Takaful risk assessment and management within the context of Islamic ethics.
• Regulatory and Compliance Officers: Professionals responsible for ensuring that Takaful operations comply with Shariah law and regulatory standards.
• Islamic Finance Professionals: Individuals in the field of Islamic finance who wish to expand their knowledge into the Takaful sector.
• Finance and Investment Professionals: Professionals interested in understanding the ethical and Shariah-compliant aspects of Takaful investments and operations.

The CTP certification equips professionals with specialized knowledge and skills needed to excel in the field of Takaful, ensuring that Takaful operations are conducted ethically, in compliance with Shariah principles, and in line with regulatory requirements. Whether you’re already in the Takaful industry or seeking to enter this specialized field, the CTP program offers the expertise required to thrive in the dynamic world of Islamic insurance.