Islamic qualification to be launched by CII

Tue, 15 Apr 2008

The Chartered Insurance Institute (CII) Group is to launch its first Islamic insurance qualification with the Bahrain Institute of Banking and Finance (BIBF) in September.

The Takaful programme, which will observe Islamic law, will cover subjects such as Sharia practice, accounting standards for Takaful and structure and operations of Islamic insurance companies .

"The Takaful sector is quickly establishing itself as a key component in the industry, not just in the Middle East but throughout the world," says Lee Gladwell, director of general insurance for the CII.

The CII is aiming to have all the learning materials ready and available for UK applications by the beginning of September and successful examinees will be awarded a certificate that is recognised internationally.

The BIBF is hoping to publish the programme’s textbook in Arabic and establish a series of textbooks and training programs in the various areas of Takaful, such as Islamic accounting standards for Takaful operators.
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