Page 65 - KLIFF2022eBook

KLIFF 2022 PROGRAMME BOOK

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IIiBF is a centre of excellence for education and research in Islamic banking and finance with the aim
of educating and producing competent graduates and scholars knowledgeable in Shariah and related
disciplines pertaining to discipline of law, economics, finance, management, accounting and information
technology. IIiBF endeavoured to provide an avenue to expand interdisciplinary knowledge and skills in
Islamic banking and finance through education and research; and promote the Islamic banking and financial
system towards achieving the goals of Shari’ah (Maqasid Al-Shari’ah). IIiBF is committed in bridging the
academia and industry through offering of postgraduate academic programmes, professional certificate
programmes and smart partnership with relevant players in the academia and finance industry.
WWW.IIUM.EDU.MY/INSTITUTE/IIIBF

In its 16th year of operation, INCEIF University remains the only university in the world to focus solely on
postgraduate studies in Islamic finance. Apart from its academic programmes, which are PhD in Islamic Finance,
Industrial PhD, MBA (Sustainable Business), Masters of Islamic Finance Practice, Executive Masters in Islamic
Finance, MSc in Islamic Finance and Professional Certificate in Islamic Finance, INCEIF also offers customised
executive training programmes and industry-focused applied research in line with its vision to be the knowledge
and thought leader in Islamic finance. INCEIF also offers customised executive training programmes through its
subsidiary ISRA Consulting, and industry-focussed applied research through its research arm, ISRA Research
Management Centre.

WWW.INCEIF.ORG

The Takaful industry in Malaysia started to gain momentum when, in October 1982, the Malaysian government
formed a special task force to explore the viability of setting up an Islamic insurance company. Out of that study
and based on its recommendations, the Takaful Act 1984 was gazetted and came into force thereafter. At first
glance, there does not appear to be much difference between conventional insurance and Takaful. Indeed,
in terms of concept, there is none as both subscribes to the long established principle the “pool of the many
to help the unfortunate few”. MTA is dedicated in promoting the interest of its members and to supervise the
exercise of self-regulation within the Takaful industry. The MTA Road Map introduced in 2006 set the direction
and focus of the association. A four-pronged strategy was laid out with the objective of achieving a 20%
share in the overall insurance industry by 2010. The focus, among others, is on branding, awareness and
communication, shared services through leveraging of technology, investment opportunities and relations with
regulators. These strategies are deemed achievable and close co-operation among members to make it work
was the key to its success.
WWW.MALAYSIANTAKAFUL.COM.MY

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