ARI Lecture Series on Takaful

Back in Shah Alam, the Islamic Accounting & Finance research team organized its monthly lecture series yesterday. The event was attended by many researchers from within the university. The lecture on Shariah Principles in Takaful was presented by Dato’ Mohd Fadzli Bin Yusof, a renowned Takaful scholar. Dato' Mohd Fadzli is a member of the Board of Directors of the Arab-Malaysian Takaful Company, a Jeddah-based Takaful operator, and Amana Takaful of Sri Lanka. He currently sits on the advisory committee for Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a subsidiary of the Islamic Development Bank (IDB). He retired as the Chief Executive Officer of Malaysia’s pioneer takaful operator, Syarikat Takaful Malaysia Berhad (Takaful Malaysia) in 2005. Under his stewardship, assets of Takaful Malaysia grew to RM 2.4 Billion. He led Takaful Malaysia in 2001 to be the first takaful company listed on Main Board of Bursa Malaysia. Takaful Malaysia was accorded ‘Best Provider for Takaful Services’ in 2004 by Euromoney, a London-based financial publication. Prior to joining Takaful Malaysia, he was a senior management of Malaysian National Insurance Bhd, then the largest insurance group in Malaysia. He was a member of the Special Task Force Committee set up by the Malaysian Government to formulate the regulatory and market framework for takaful industry in Malaysia