Overview

Takaful as an Islamic counterpart of conventional insurance and important segment of the Islamic financial services industry experiences undergoing rapid development on a global scale. Would it be correct for Takaful companies to apply existing internationally recognised frameworks, codes or standards on corporate governance issued for conventional insurance? If so, how specificities of Islamic insurance supposed to be addressed?

To answer these questions, IFSB invites you to attend e-Workshop on Guiding Principles on Governance for Takaful Undertakings. Session will clarify the need for a governance in Islamic insurance, will bring you an understanding on whether mentioned conventional frameworks and standards can be adapted and reinforced. Apart from that session’s facilitator will reveal procedures for a proper Takaful disclosure, so that Takaful Undertakings can stand on a level playing field with their conventional counterparts.