KUALA LUMPUR, Nov 22 (Bernama) -- The Malaysian Takaful Association (MTA) and the Islamic Banking and Finance Institute of Malaysia today signed a memorandum of understanding (MOU) to jointly develop and introduce the takaful basic examination (TBE).
The TBE is an entry qualification for takaful agents and executives in the financial services industry promoting takaful products and services.
"It is a compulsory qualification. We believe it will enhance the efficiency as well as professionalism of takaful marketing representatives," MTA chairman, Md Azmi Abu Bakar, told reporters after the signing of MOU here Wednesday.
Upon completion of the TBE programme, candidates are expected to be conversant with the takaful concepts, operations of family (life) takaful and general (non-life) takaful, Syariah issues on takaful, takaful products and ethical practices in takaful business.
Meanwhile, the International Centre for Education in Islamic Finance (INCEIF) has signed a MOU with takaful operators on Certified Islamic Finance Professional (CIFP) programme for takaful senior executives.
INCEIF's chief executive officer, Agil Natt, said the objective of the CIFP programme was to ensure that all senior managers of takaful operators had the knowledge not only in takaful industry but also in Islamic banking and finance.
"The programme will enable takaful professionals to better serve the industry and eventually lead to the growth of takaful industry," Agil said.