The Certified Takaful Professional/Manager (CTP)™/(CTM)™ certification program is a prestigious and globally relevant qualification designed for professionals seeking to build or advance careers in Takaful, Islamic insurance, Shariah-compliant risk protection, and ethical financial services. In today’s expanding Islamic finance landscape, Takaful plays a vital role in providing protection, savings, investment, and risk-sharing solutions that are aligned with Islamic principles. Unlike conventional insurance, Takaful is based on mutual cooperation, shared responsibility, donation-based contributions, risk pooling, transparency, and Shariah-compliant governance. This program equips participants with comprehensive knowledge of Takaful principles, operating models, regulatory requirements, risk assessment practices, product development, marketing strategies, and Shariah governance frameworks.

Takaful professionals and managers play a critical role in supporting individuals, families, businesses, and institutions by offering protection solutions that meet financial security needs while remaining consistent with Islamic values. Effective Takaful professionals must understand how participant contributions are managed, how risk funds operate, how surplus distribution is handled, how operators earn fees or share profits, and how Takaful products are structured for life, health, motor, property, business, and investment-linked needs. They must also be able to manage compliance obligations, assess underwriting and operational risks, support ethical product marketing, and work within Shariah governance expectations. The CTP™/(CTM)™ program develops practical industry knowledge, Shariah awareness, product understanding, risk-based thinking, and client advisory capabilities, enabling participants to operate confidently across domestic and international Takaful markets.

Graduates of the CTP™/(CTM)™ program will be equipped to understand, manage, promote, and support Takaful operations with professionalism, Shariah discipline, ethical responsibility, and sound commercial judgment across Islamic insurance and financial services environments.

Certification Program Objectives:

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

• Understand Takaful Fundamentals and Principles – Explain the foundations of Takaful, including mutual cooperation, Tabarru, risk sharing, participant protection, Shariah compliance, ethical conduct, and the key differences between Takaful and conventional insurance.
• Analyze Takaful Models and Operations – Understand major Takaful operating models such as Wakalah, Mudarabah, hybrid models, Waqf-based models, participant risk funds, operator funds, surplus distribution, claims handling, underwriting, and re-Takaful arrangements.
• Apply Regulatory Compliance in Takaful – Understand regulatory requirements, licensing obligations, solvency expectations, disclosure standards, consumer protection rules, reporting responsibilities, and compliance controls applicable to Takaful operators.
• Assess and Manage Takaful Risks – Identify and evaluate underwriting risk, claims risk, operational risk, investment risk, liquidity risk, Shariah non-compliance risk, reputational risk, and governance-related risks within Takaful operations.
• Develop and Market Takaful Products – Understand the product development process for family Takaful, general Takaful, health Takaful, motor Takaful, property Takaful, savings-linked products, investment-linked products, and corporate protection solutions.
• Apply Shariah Governance and Ethics in Takaful – Understand the role of Shariah boards, Shariah review, Shariah audit, ethical sales practices, transparency, fair treatment of participants, product approval, and ongoing Shariah supervision.

Certification Eligibility Criteria:

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

• A Bachelor’s degree from a recognized institution

And/or

• 0–4.9 years relevant experience for Professional level (CTP)™, or 5+ years for Manager level (CTM)™.

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™/CTM™, student should take up a 1.5 hours online exam conducted by AIFB.
• 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:

• Module 1: Takaful Fundamentals and Principles
• Module 2: Takaful Models and Operations
• Module 3: Regulatory Compliance in Takaful
• Module 4: Risk Assessment and Management
• Module 5: Takaful Product Development and Marketing
• Module 6: Shariah Governance and Ethics in Takaful

* The Certification Title and its modules are regularly reviewed, updated and may change in alignment with evolving industry needs and regulatory standards.

Who Should Do This Certification:

The Certified Takaful Professional/Manager (CTP)™/(CTM)™ certification is ideal for individuals seeking to develop structured, practical, and Shariah-compliant expertise in Takaful and Islamic insurance. It is particularly valuable for:

• Takaful Professionals and Officers involved in policy administration, participant services, underwriting support, claims coordination, product servicing, and customer advisory. The certification helps them understand the foundations of Takaful operations, participant protection, fund structures, and Shariah-compliant service delivery.
• Takaful Managers and Team Leaders responsible for managing business units, sales teams, claims functions, underwriting operations, compliance controls, product portfolios, or branch performance. The program strengthens their ability to oversee Takaful operations with both commercial discipline and Shariah awareness.
• Insurance Professionals transitioning into Takaful who need to understand the differences between conventional insurance and Islamic insurance, including Tabarru, risk sharing, surplus treatment, participant funds, operator fees, Shariah governance, and ethical product structures.
• Family Takaful Advisors and Financial Planners who support clients with protection planning, savings-linked products, investment-linked Takaful, education planning, retirement planning, estate planning, and long-term family financial security in a Shariah-compliant manner.
• General Takaful Professionals working with motor, health, property, marine, engineering, liability, travel, business, and corporate Takaful products. The certification helps them understand product features, underwriting requirements, claims practices, and risk-sharing arrangements.
• Underwriting and Claims Professionals responsible for assessing risks, approving applications, pricing protection coverage, reviewing claims, validating documentation, controlling losses, and ensuring fair treatment of participants in line with Takaful principles.
• Risk Management and Compliance Professionals involved in identifying operational, underwriting, investment, liquidity, reputational, and Shariah non-compliance risks within Takaful operators. The program supports stronger control awareness and risk-based decision-making.
• Shariah Compliance, Governance, and Internal Audit Professionals responsible for reviewing Takaful products, monitoring Shariah compliance, supporting Shariah board decisions, conducting internal reviews, and ensuring that operations follow approved Islamic principles.
• Product Development and Marketing Professionals who design, launch, position, and promote Takaful products for individual, family, SME, corporate, and institutional clients. The certification strengthens their understanding of product suitability, ethical marketing, customer needs, and regulatory disclosure requirements.
• Banking, Wealth Management, and Islamic Finance Professionals who offer Takaful as part of wider Islamic banking, investment, protection, and wealth planning solutions. The program helps them integrate Takaful products into holistic financial advisory services.
• Regulatory, Legal, and Governance Professionals involved in licensing, supervision, policy development, documentation review, compliance reporting, consumer protection, and institutional governance within the Takaful and Islamic finance sectors.
• Finance, Business, Insurance, Risk Management, Islamic Finance, and Shariah Graduates aspiring to enter Takaful, Islamic insurance, underwriting, claims, compliance, product development, sales, financial planning, or Islamic financial services career paths.
• Consultants, Trainers, and Advisors working with Takaful operators, insurance companies, Islamic banks, regulators, or financial advisory firms who require deeper understanding of Takaful principles, operations, governance, product development, and market practices.

Key Benefits of CTP / CTM Certification:

• Professional Recognition – Establishes credibility as a qualified Takaful and Islamic insurance professional with knowledge of Shariah-compliant protection, risk-sharing, and insurance operations.
• Career Advancement – Supports progression into roles such as Takaful Officer, Takaful Advisor, Family Takaful Consultant, Underwriting Officer, Claims Officer, Product Executive, Compliance Officer, Risk Analyst, Takaful Manager, or Islamic Insurance Specialist.
• Strong Takaful Foundation – Builds a clear understanding of Takaful principles, including Tabarru, mutual cooperation, risk pooling, participant protection, ethical conduct, and Shariah-compliant insurance practices.
• Practical Operational Knowledge – Enhances understanding of Takaful models, participant risk funds, operator funds, surplus distribution, claims processing, underwriting, re-Takaful, and day-to-day operational controls.
• Regulatory Confidence – Develops awareness of regulatory compliance, licensing obligations, solvency requirements, disclosure standards, consumer protection rules, reporting expectations, and governance responsibilities.
• Improved Risk Management Capability – Strengthens the ability to identify, assess, monitor, and mitigate risks in Takaful operations, including underwriting risk, claims risk, operational risk, investment risk, and Shariah non-compliance risk.
• Product Development Readiness – Equips professionals with knowledge of family Takaful, general Takaful, health Takaful, motor Takaful, property Takaful, savings-linked products, investment-linked products, and corporate protection solutions.
• Enhanced Client Advisory Skills – Improves the ability to explain Takaful concepts, compare protection options, identify suitable products, and build client trust through transparent and ethical guidance.
• Shariah Governance Awareness – Develops understanding of Shariah board responsibilities, Shariah review, internal Shariah audit, product approval, documentation control, and ongoing supervision.
• Ethical Marketing Capability – Supports responsible product promotion, fair disclosure, customer suitability assessment, transparent communication, and professional sales conduct.
• Global Takaful Relevance – Applicable across Takaful operators, Islamic banks, insurance companies, re-Takaful providers, financial advisory firms, regulatory bodies, consulting firms, and Islamic finance institutions.

The CTP™/(CTM)™ certification empowers professionals to approach Takaful with technical knowledge, Shariah awareness, ethical discipline, and risk-based judgment. By mastering Takaful fundamentals, operating models, regulatory compliance, risk assessment, product development, marketing practices, and Shariah governance, certified individuals are well-positioned to support responsible protection solutions, strengthen participant trust, and contribute meaningfully to the growth of modern Islamic insurance and financial services institutions.