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Role of Takaful in Islamic Finance   By: Capt. M. Jamil Akhtar Khan ACII, MCIT, Master Mariner Managing Director  The Universal Insurance Company Ltd. 4 th  International Conference on Islamic Banking & Takaful, Lahore November 2, 2010.
Outline of Presentation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Takaful   defined
[object Object],[object Object],[object Object],Meaning of Takaful
Reference — Al Quran:   ,[object Object],[object Object]
Reference – Hadith: ,[object Object],[object Object],[object Object]
Takaful – Historical Perspective
Takaful through Time ,[object Object],[object Object],[object Object],[object Object],[object Object]
Takaful Today ,[object Object],[object Object],[object Object],[object Object],[object Object]
 
Takaful Prospects in Pakistan   ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],Takaful   – Target Market
Islamic Finance Versus Conventional   Banking ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exposures in Islamic Finance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
BancaTakaful and Coverage of Exposures ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Bancatakaful (…Cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CUTTING EDGE… ! Cutting   Edge…!
Investment Income Operational Cost of Takaful / ReTakaful Claims & Reserves Surplus (Balance) P A R T I C I P A N T S’  T A K A F U L  F U N D  (P.T.F.) Mudarib’s Share of PTF’s Investment Income Wakalah Fee Investment Income Management Expense of  the Company Profit/Loss S H A R E  H O L D E R S’  F U N D  (S.H.F.) Participant WAQF Takaful Operator Share Holder Wakala-Waqf Model Investment by  the Company
THE UNIVERSAL INSURANCE COMPANY LIMITED ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Conclusion ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Thankyou for your attention [email_address]

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Presentation by Capt. m. jamil akhtar khan

  • 1. Role of Takaful in Islamic Finance By: Capt. M. Jamil Akhtar Khan ACII, MCIT, Master Mariner Managing Director The Universal Insurance Company Ltd. 4 th International Conference on Islamic Banking & Takaful, Lahore November 2, 2010.
  • 2.
  • 3. Takaful defined
  • 4.
  • 5.
  • 6.
  • 8.
  • 9.
  • 10.  
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17. CUTTING EDGE… ! Cutting Edge…!
  • 18. Investment Income Operational Cost of Takaful / ReTakaful Claims & Reserves Surplus (Balance) P A R T I C I P A N T S’ T A K A F U L F U N D (P.T.F.) Mudarib’s Share of PTF’s Investment Income Wakalah Fee Investment Income Management Expense of the Company Profit/Loss S H A R E H O L D E R S’ F U N D (S.H.F.) Participant WAQF Takaful Operator Share Holder Wakala-Waqf Model Investment by the Company
  • 19.
  • 20.
  • 21. Thankyou for your attention [email_address]