1. NAME OF COURSE  / MODULE INSURANS AND TAKAFUL
2. COURSE CODE MFC4033
3. NAME(S) OF ACADEMIC STAFF  
4. RATIONALE FOR THE INCLUSION OF THE COURSE/MODULE IN THE PROGRAMME The course is exposing students with the importance and techniques of risk management with emphasis on insurance and takaful.
5. SEMESTER & YEAR OFFERED Semester 7 / Year 4
6. TOTAL STUDENT LEARNING TIME (SLT) Face to face:

L T P O
28 26 8

L=lecture ; T=Tutorial; P=Practical; O=Others (Exam)

Total Guided and Independent Learning:

123
7. CREDIT VALUE 123/40 = 3.075 (3 credit); 2+2
8. PREREQUISITE (IF ANY) NIL
9. OBJECTIVES 1.     To familiarize students with the concepts of personal risk management and takaful.

2.     To highlight students with liability risks of property, life and health.

3.     To equip students with ample knowledge on how to manage those risks using takaful.

10. LEARNING OUTCOMES At the end of the course, learners will be able to:

1.     Explain the concepts in risk management, insurance and takaful. (LO2, P2)

2.     Analyze liability risks of property, life and health. (LO3 – CTPS3, C3)

3.     Propose the best alternatives to manage those risks using insurance and takaful. (LO9-LS2, A3)

11. TRANSFERABLE SKILLS Student should be able to manage risk using insurance and takaful through a process of lectures, tutorials, group discussions and assignments.
12. TEACHING-LEARNING AND ASSESSMENT STRATEGY Teaching-learning strategy:

·       The course will be taught through a combination of formal lectures, exercise, group work, industrial speakers, informal activities and various textbooks. Collaborative teamwork will be fostered throughout the course. The use of examination and internal reporting assessment will assess the student’s ability to apply theoretical concept in context.

Assessment strategy:

·         Formative

·         Summative

13. SYNOPSIS The subject intends to provide knowledge and information on risk management with emphasis on insurance and takaful as a tool. Discussions on risk control through internal and external resources, such as insurance and takaful concept, are also being discussed. This course helps the students to understand how insurance and takaful help to solve some personal financial circumstances. The subject exposes the students with some basic risk management, insurance and takaful concepts from consumers’ viewpoints to advocate intelligent, informed purchase of insurance and takaful.
14. MODE OF DELIVERY Lectures and tutorial (SCL)
15. ASSESSMENT METHODS AND TYPES
Component %
Continuous Assessment 50
Final examination 50
Total 100
16. CONTENT OUTLINE OF THE COURSE/MODULE AND SLT PER TOPIC
Topic Lecture Tutorial Test/Quiz/Exam Assignment Assessment (Library Search) Self-study Total
Fundamentals of Risk Management, Insurance and Takaful 4 2 6 13
Comparisons between Insurance and Takaful 2 2 3 28
Insurance and Takaful Industry 2 2 3
Occupations in Insurance and Takaful 2 2 3
Family and General Takaful / Life and Non-Life Insurance 2 2 3
Personal Property and Liability Risks 6 6 9 19
Life Risks 6 6 9 19
Health Risk 4 4 6 14
Continuous Test/Quiz/Assessment 5 10 15
FINAL 3 9 12
TOTAL 28 26 8 0 19 42 123
17. REFERENCES Main reference:

1.     Mohd. Fazli Yusof, Wan Zamri Wan Ismail, and Abdul Khudus Mohd. Naaim. Fundamentals of Takaful. 2011. ISBN 967-0149-18-9.

Additional references:

1.     Ezamshah Ismail. Basic Takaful Broking: Course Manual for Basic Certification Course in Takaful Broking. 2011. ISBN 978-967-0149-07-3.

2.     Rejda, G.E. 2010. Principles of Risk Management and Insurance. 11th Edition. Pearson, New Jersey

3.     Dorfman, 2008 Introduction to Risk Management and Insurance 9thEdition. Pearson

4.     Skipper, H.D. and Kwon, W.J. 2007. Risk Management and Insurance: Perspectives in Global Economy. Blackwell Publishing

5.     Trieschmann J.S., Hoyt,R.E. and Sommer, D.W. 2005. Risk Management and Insurance. Thomson.

6.     Harrington S.E. 2004. Risk Management and Insurance, 2nd Edition.McGraw-Hill