The British Academy for Training and Development offers a course in Islamic Insurance and Commercial Insurance, aimed at those who wish to acquire substantial skills in managing employee insurance in companies and institutions, insurance terms, risk management, and its application methods.

In traditional insurance, the contract is between two parties: the insured and the insurance companies, which act as the insurer. The premiums paid by the insured belong to the companies, which manage them as they wish. However, in Takaful (Islamic insurance), the two parties involved are the participants. Each participant holds two roles simultaneously: both the insurer and the insured. The role of insurance companies in Takaful is to manage the insurance operations and funds in a Sharia-compliant manner, based on the concept of agency for a known fee. The premiums collected from the participants belong to them, not to the company, and the available funds are invested for their benefit. In commercial insurance (or traditional insurance), the primary objective of insurance companies is to maximize profit at the expense of the insured, and safety, if intended, is either incidental or exceptional.

Concept of Commercial Insurance and Its Importance: Understanding the concept of commercial insurance and its significance in protecting businesses from potential risks and losses.

Insurance Characteristics: Explaining the defining features of insurance, including its purpose and functioning.

Risk Management: The process of identifying, assessing, and prioritizing risks to minimize their impact on business operations.

Concept of Islamic Insurance (Takaful): Overview of Islamic insurance (Takaful), a cooperative insurance model based on shared responsibility and mutual protection.

Claim Compensation: The process of filing and receiving claims for compensation in the event of a covered loss or damage.

Risk Insurance: Understanding risk insurance, which provides protection against unexpected events or disasters.

Legislations and Laws Related to Takaful Insurance: The regulatory framework governing Takaful insurance practices, ensuring compliance with legal and ethical standards.

Procedure Coding System in Risk Management and Insurance: The use of standardized coding systems for managing procedures related to risk and insurance claims.

Risk Identification, Classification, and Current Terminology in Insurance Policies: Methods for identifying and classifying risks, along with current terminologies used in insurance policies.

Pros and Cons of Islamic Insurance: A discussion on the advantages and disadvantages of Islamic insurance compared to conventional models.

Overcoming Challenges in Implementing Islamic Insurance: Addressing obstacles and strategies for successful implementation of Islamic insurance.

Applications and Practical Cases: Exploring real-life applications and case studies of insurance policies in action.

Course Schedule and Locations: Courses are held in various countries including Egypt, Jordan, Malaysia, Turkey, England, France, Italy, Germany, Sweden, Austria, Denmark, as well as Australia and the USA.

The courses are offered at times and locations that suit your work schedule.

Training Delivery Formats:

• Group training at academy centers.

• Individual training at workplaces.

• Field training with a comprehensive work program.

• Theoretical training in designated rooms within the academy.

Certification Upon Completion: Upon completing the course, participants will receive an accredited certificate from the British Academy for attending the Islamic and Commercial Insurance course.