About this Course:-

Islamic Takaful is the alternative form of conventional Insurance, structured under Islamic commercial law. During the last few years a lot of successful efforts have been made which led to the establishing Islamic Insurance (Takaful) as the alternative to conventional Insurance. Takaful operate on the principles of Islamic commercial law. The next decades to come will see Takaful taking the market share of conventional insurance. The principles work in a way that policy holders in Takaful are known as participants and they get shares from the surplus of their contribution, or revenue generated from investing their surplus premium. This principle is based on Islamic commercial contract of Mudarabah-Ijarah hybrid. This need to be studied, and promoted to the necessary level for apart from protecting individuals, families, and companies against catastrophic disaster, it also provide piety, and brotherhood, while guaranteeing self-sustaining economy

Who should take the course?

The course is meant for all people, and specifically those who want to specialize in Islamic Insurance as their career. It is also appropriate for those who are already in Insurance, and Banking industries but will like to know about the basics of Islamic Insurance operations.

1. Islamic Fund and asset managers
2. Bankers and finance professionals
3. Stock brokers
4. Academics and students
5. Ballista/Lawyers
6. Takaful or Insurance professionals
7. Scholars of Shari’ah
8. And those interested to work in Islamic finance

Course Fees: 

This course fee is United State Dollar $850 or its equivalent in Ghana Cedi (GHS)

The fee includes registration, study materials, and tutor support.

Payment:-
We accept payment in Ghana Cedi (GHS) equivalent of the US Dollar using Bank of Ghana USD/GHS exchange rate at the time of payment. Payment can be done through:

1. Our office and in cash
2. Bank telegraphic transfer or direct deposit at bank branch

•  Mobile Money transfer (MTN MoMo or Vodafone Cash)

1. Online payment using credit or debit card,
2. PayPal
3. Perfect Money (USD & EURO)

Payment Process

1. Apply online for a course  using this link https://www.giibic.com/apply
2. Submit the application
3. You will be then directed to payment site. Make payment using one of the  payment methods listed above.
4. If you prefer to pay cash at our office, call customer service after submitting your application 

Cancellation

Students who change their mind after enrolment, and do not want to continue their studies, should notify giibic 15 days from the date the enrolment registration sent to them. Student have to send an email advising the institute giving reasons on how why he/she want to cancel the enrolment. Any such letter reaching the institute after 15 days of enrolment registration cannot be accepted, and processed

Refund

Refund will be processed fully less administrative charges and bank charges, if request is received with the 15 days of enrolment registration, and student has not access the course material or submit assignment yet. Payment will be sent back through the same channel of payment where fund was received.

Duration :-

The duration of this course is 6 months.

Modules:

Two Modules of 6 courses

Module I:  Introduction to Riba & Islamic Finance

CTP: 401: Riba & Islamic Economics

What is Riba (Interest)? Prohibition of Riba in Islam.

Types of Riba.

Riba tul Nissayah

Riba tul Fadle

Riba in Modern Banking and Insurance.

CTP: 402: Overview of Islamic Economics & Banking

Introduction to Islamic Economics System.

Comparison of Islamic Economic System with Socialism & Capitalism.

Introduction to Islamic Banking and Finance, Islamic Banking and Financial

Products and their Mechanisms.

CTP: 403: Introduction to Takaful (Islamic Insurance

What is Takaful? Shariah Mechanism of Takaful.

Takaful System in Islamic Era.

Philosophy and development scenario of Islamic Insurance.

Module II: Takaful & Risk Mitigation tools in Islamic Finance

CTP: 404: Shariah Elements or Principles in Takaful

Definitions & Concept of Waqf, Wakalah, Hibba & Tibbarue, which are used in Takaful System.

Involvement of Riba, Gharar, Maiser & Qamar in Conventional Insurance Business.

Comparison of Takaful vs. Conventional Insurance

CTP: 405: Takaful Models, Type & Structures

Structure, operation and performance of Takaful.

Different Models of Takaful e.g. Wakalah Waqf Model, Modaraba Model, Wakala Model, and Surplus Distribution mechanism in all models

Type and Products of Takaful Business

General Takaful

Family Takaful

CTP: 406: Takaful Products & Risk Management in Islam

Different Takaful concepts in Takaful Industry: Banca Takaful, Re-Takaful, Micro Takaful, Claim Management, etc.

Risk Management according to Islamic Perspective, Shariah ruling for Hedging, Derivative, Future, and Hedging & Swap Instruments

Takaful products worldwide, Marketing Strategies for Takaful Products.

DOWNLOAD COURSE BROCHURE

Certified Takaful Professional -COURSE BROCHURE

Entry Requirement:

Giibic operate on open enrolment program. This means, you can apply anytime and be admitted  to pursue a course of your choice.

No minimum education or experience is required. Application into all program requires a good working knowledge of English language. However it is preferable that those applying for Post Graduate Diploma in Halal or Master Diploma in Islamic Banking and Finance to be a graduate with a bachelor degree from a recognized university, and preferable be at least 18 years old at the time of submitting the application. This is preference and not requirement.  For those who do not have degree, we will consider other equivalent alternatives such as employment history in a corporate sector for at least 3 years.

All applicants should complete the online application form at https://www.giibic.com/apply to be considered for admission.  

Study method:

All our courses are studied on distance learning model. Study materials are kept on online virtual learning environment (VLE). Students can choose to have material through email. Student will have enrolment username and password to login and download materials, and study on their own comfort and their own pace, and convenience. Each course has to be completed within the time allocated to it.

Each course material study has an assignment to do, and upload onto the VLE before your move on to the next course, till all courses on under each module is completed.

You can study the course anywhere in the world, since the study does not requires you to attend any classroom lecturers.

Assessment & Examination

The course is studied by submitting assignments to each course. Students work are checked throughout the study period by the assigned tutor. Assignment needs to be concise and carry clear understanding of course material, demonstrating students understand of subject matter

At moment there is no final examination set for each course, students are evaluated base on the assignments that they submit for each course. The assessment to these assignment are review internally and students-award is based on successful completing the course, and demonstrating clear understanding of subject matter

Study Support: 

Once you enrolled you will have access to our support team to help you study, including referencing, academic assignment and reading. You will be assigned to an Academic Personal Tutors who will support you for the duration of your course and help you with personal and academic development. Your tutor will provide you with clarifications and give you assessment on the assignments you submit, though your registered email.
Your tutor will regularly review your progress against the milestones that will be set by the Institute. Whilst the concept of distance-learning is to allow you to proceed at your own pace, it is necessary to indicate milestones so that you are aware of the amount of work that is involved in the course. Past experience has shown that students who are left to complete their studies without set timescales are unlikely to complete at all.