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Part Three - Coggle Diagram
Part Three
Introduction to Takaful
Definition and principles of Takaful
Differences between conventional insurance and Takaful
Ethical and Shariah considerations in Takaful
Takaful Models and Structures
Mudarabah-based Takaful model
Wakalah-based Takaful model
Hybrid models and variations
Operational Framework of Takaful
Participants and their roles in Takaful
Takaful operator and its functions
Membership, contributions, and risk-sharing mechanisms
Takaful Contract and Coverage
Takaful contract and its key elements
Types of Takaful coverage, such as family Takaful, general Takaful, and medical Takaful
Takaful coverage and Shariah compliance
Takaful Underwriting and Claims
Takaful underwriting process and risk assessment
Shariah-compliant underwriting practices
Takaful claims management and settlement
Shariah Compliance and Governance in Takaful
Shariah governance and oversight in Takaful operations
Shariah compliance frameworks and standards
Role of Shariah boards and their functions
Regulatory Environment for Takaful
International and national regulatory frameworks for Takaful
Regulatory challenges and developments in Takaful industry
Consumer protection and disclosure requirements
Takaful Products and Innovations
Analysis of Takaful products and their features
Takaful product development and customization
Emerging trends and innovations in Takaful industry