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    Introduction To The Concepts of Takaful and Risk - Shaz

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    shazlina_li
    This document provides an introduction to takaful and risk management. It outlines the learning objectives which are to identify risk and types of risk in takaful, understand takaful as a risk management tool, and analyze the importance of takaful for future planning. The presentation defines takaful, risk, and risk management. It discusses sources of risk such as natural disasters, health issues, life events, economic/social factors, and politics. The importance of takaful for future income protection against risks like death, accidents, critical illness, and medical issues is also highlighted.

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    Introduction To The Concepts of Takaful and Risk - Shaz

    Uploaded by

    shazlina_li
    70 views14 pages
    This document provides an introduction to takaful and risk management. It outlines the learning objectives which are to identify risk and types of risk in takaful, understand takaful as a risk management tool, and analyze the importance of takaful for future planning. The presentation defines takaful, risk, and risk management. It discusses sources of risk such as natural disasters, health issues, life events, economic/social factors, and politics. The importance of takaful for future income protection against risks like death, accidents, critical illness, and medical issues is also highlighted.

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    risk mitigation

    Original Title

    Introduction to the Concepts of Takaful and Risk_shaz

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    This document provides an introduction to takaful and risk management. It outlines the learning objectives which are to identify risk and types of risk in takaful, understand takaful as a risk management tool, and analyze the importance of takaful for future planning. The presentation defines takaful, risk, and risk management. It discusses sources of risk such as natural disasters, health issues, life events, economic/social factors, and politics. The importance of takaful for future income protection against risks like death, accidents, critical illness, and medical issues is also highlighted.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    70 views14 pages

    Introduction To The Concepts of Takaful and Risk - Shaz

    Uploaded by

    shazlina_li
    This document provides an introduction to takaful and risk management. It outlines the learning objectives which are to identify risk and types of risk in takaful, understand takaful as a risk management tool, and analyze the importance of takaful for future planning. The presentation defines takaful, risk, and risk management. It discusses sources of risk such as natural disasters, health issues, life events, economic/social factors, and politics. The importance of takaful for future income protection against risks like death, accidents, critical illness, and medical issues is also highlighted.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 14

    INTRODUCTION TO THE

    CONCEPTS OF TAKAFUL
    AND RISK
    MANAGEMENT
    PRESENTED BY,

    SHAZLINA ABDUL JALIL


    CERTIFIED TRAINER
    MASTERS IN FORENSIC ACCOUNTING & FINANCIAL CRIMINOLOGY, UiTM
    PRESENTATION OUTLINE

    LEARNING OUTCOME/OBJECTIVE
    BRIEF INTRODUCTION TO TAKAFUL
    RISK AND TYPE OF RISK
    CONCLUSION
    LEARNING OUTCOME
    ABLE TO IDENTIFY RISK AND TYPES OF
    RISK IN TAKAFUL

    ABLE TO IDENTIFY THE NEED OF HAVING


    TAKAFUL AS RISK MANAGEMENT TOOL

    ABLE TO ANALYZE THE IMPORTANCE OF


    HAVING TAKAFUL FOR FUTURE
    PLANNING
    WHAT IS TAKAFUL?

    KAFALAH
    PROTECTION AND JOINT
    GUARANTEE
    TELL ME
    Your Name & Age
    Current Job
    In one word……
    DESCRIBE RISK
    RISKS & RISK MANAGEMENT

    What is risk?

    The possibility of  What is risk


    management?
    incurring a loss.
     It is a systematic
    process of managing
    risk to achieve set
    objectives.
    1. Flood, Drought
    NATURAL
    Pollution, Illness,
    Nuclear
    7. 2.
    ENVIRONMENT Epidemic
    Disaster HEALTH

    SOURCES
    OF RISK Birth, Old
    Riots, 6. 3. LIFE Age,
    Elections POLITICAL CYCLE Death

    Unemployment/ 5. 4.
    ECONOMIC SOCIAL Crime, War
    Financial Crisis
    WAYS TO MANAGE RISK

    A
    T
    I
    A
    WAYS TO MANAGE RISK

    So…..
    Avoid How does Takaful acts as
    Transfer a Risk Management
    Tool??
    Insure
    Assume
    IMPORTANCE OF HAVING TAKAFUL FOR FUTURE PLANNING
    (INCOME PROTECTION / INCOME REPLACEMENT)

    DEATH
    INCOME POSSIBILITIES OF LOSS ACCIDENT TPD RISK
    CRITICAL ILLNESS

    GREAT EASTERN
    TAKAFUL PROTECTS
    YOUR INCOME
    RISK TRANSFER
    HOW?
    MECHANISM
    MEDICAL ILNESS
    INCOME
    GENERATING

    TRANSFER RISK TO
    TAKAFUL COMPANIES. i.e
    GREAT EASTERN TAKAFUL
    COMPARATIVE EXAMPLE
    MS A MS B
    30 YEARS OLD 30 YEARS OLD

    WORKING IN PRIVATE SECTOR WORKING IN GOVERNMENT SECTOR


    HONDA CIVIC TOYOTA VIOS
    SALARY: RM5,000 SALARY: RM2,800
    SINGLE SINGLE
    HAVE PERSONAL SAVINGS WORTH NO PERSONAL SAVINGS
    RM10,000

    DIAGNOSED WITH CRITICAL ILNESS

    FAMILY SELLS ASSETS (LAND,PROPERTY) MEDICAL CARD COVERS THE MEDICAL


    TO COVER THE MEDICAL EXPENSES EXPENSES
    LOST JOB & CAR RECEIVED CI CLAIM WORTH RM100,000

    ALL SAVINGS ARE USED TO COVER THE SAVINGS DONE STILL AVAILABLE FOR
    MEDICAL EXPENSES FUTURE USAGE
    FOR FURTHER INFO

    [email protected]

    019-6008183

    Shazlina Haji Abdul Jalil

    shazlina83

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