3rd INTERNATIONAL TAKAFUL SUMMIT 20091 – 2 JULY, 2009

LONDON, UNITED KINGDOM

STRENGTHENING TAKAFUL INDUSTRY INNER CAPABILITIES – THE GTG WAY

by

MAJID MOHAMADLABUAN RE, MALAYSIA

BUILDING CAPABILITIES OF TAKAFUL INDUSTRYFINANCIAL

Provide Reliable and Credible Security and Equitable Partnership

CUSTOMERS

Attain world-wide Acceptance as Alternative to Conventional Insurance

PROCESS

Attain Operational Excellent thru Standardization and Benchmarking

LEARNING + GROWTH

Build Expertise and Spread Knowledge

Strong Financial Resources

Equitable PartnershipReliable + Flexible Capacity

Institutionalise Shariah Advisory Council

Brand Image as Equitable and Ethical System / Products

Understanding the Role of TO

Harmonization of Shariah Ruling

Comprehensive PrudentialGovernance Structure

Standardisation of Models & Practices

Convergence of Shariah Interpretation

Upgrade HR Expertise

Build Reservoir of Knowledge and Experience

BUILDING CAPABILITIES OF TAKAFUL INDUSTRYBUILDING CAPABILITIES OF TAKAFUL INDUSTRY

Strong Financial Resources

Reliable + Flexible Capacity

Upgrade HR Expertise

Comprehensive Prudential Governance Structure

Harmonization of Shariah Ruling

Standardisation of Models & Practices

Build Reservoir of Knowledge and

Experience

Convergence of Shariah Interpretation

Equitable Partnership

Understanding the Role of TO

Brand Image Institutionalise Shariah

Advisory Council

FINANCIAL

LEARNING & GROWTH

CUSTOMERS

PROCESS

DRIVERS TO ACHIEVING CAPABILITIESDRIVERS TO ACHIEVING CAPABILITIES

SYARIAH SYARIAH PRINCIPLES PRINCIPLES

++VALUESVALUES

GLOBAL TAKAFUL GROUP• 1995 ASEAN Takaful Group

• 2003 Asian Takaful Group

• 2007 Global Takaful Group – incorporated as a company limited by guarantee in Labuan, Malaysia

• Current membership 44Target end of 2009 66Target end of 2010 100

Initiatives

• Established permanent secretariat (gtg01@malaysiantakaful.com.my)

• Database on takaful / takaful-related matters

– Interactive business portal (to include business exchanges)– operational statistics (work with Insurance Services Malaysia

Berhad www.ism.net.my)– takaful / retakaful wordings, products, shariah opinions, models

(work with International Shariah Research Academy for Islamic Finance www.isra.my)

• Trainings and conferences

– localised training on j.v basis– attachments / exchange programs

• Pooling of retakaful capacity

GLOBAL TAKAFUL GROUP

3rd INTERNATIONAL TAKAFUL SUMMIT 20091 – 2 JULY, 2009

LONDON, UNITED KINGDOM

STRENGTHENING TAKAFUL INDUSTRY INNER CAPABILITIES – THE GTG WAY

by

MAJID MOHAMADLABUAN RE, MALAYSIA