Sunday, September 19, 2010

Takaful Practice - A Guide to Examinations

In May 2010, I was offered by IBFIM to consider being their Vetting Expert/Editor for their forthcoming book on takaful.  Well, in order to ensure that my knowledge and experiences can be shared with the public, I decided to accept the offer.  After about 3 weeks of intense and thorough reading the manuscript written by two authors, alhamdulillah I managed to summarize a total of about 300 comments and suggestions to improve the book.  More or less, the draft was delivered in a good manner where a beginner and perhaps an intermediate practitioners in insurance and takaful can benefit from it.  Generally, it covers the concept of takaful in depth where the syariah perspectives on the conventional insurance was well presented.  Nevertheless, non-Moslem may encounter some difficulties as there are many arabic terminologies introduced as there are no equivalent translation in English.  Perhaps, future takaful book should introduce a complete glossary at the end for ease of reading.

Next, the book presents the different takaful products being marketed today for general and family takaful.  The content is quite comprehensive for the most common takaful products in Malaysia.  We would appreciate for those outside Malaysia to share their feedbacks with respect to the relevant products in their respective countries.  In addition, it also presents the legal issues and operational procedures such as underwriting and claims. 

After completed vetting the book, I realize that most takaful books published todate have more or less common issues such as syariah perspectives, legal, operational and products.  Thus, I am planning to write my own book on takaful but it will cover slightly different perspective and content.  Already started but still far from completion.  Hopefully, I should be able to complete before middle of next year, insyaAllah.