Takaful Executives off to ASEAN Youth Insurance Manager program

Takaful is an Islamic insurance which is grounded in Islamic muamalat (banking transactions),
observing the rules and regulations of Islamic law. This concept has been practised in various forms
for over 1400 years where Muslim jurists acknowledge that the basis of shared responsibility in the
system of aquila as practised between Muslims of Mecca and Medina laid the foundation of mutual
insurance.

This concept is brought forward to the modern world where we today practice, and as to further
enhance in the services of takaful as well as the concept and insurance on the whole, two Takaful
Brunei Am/General and Takaful Brunei Keluarga executive officers will be participating in the ASEAN
Insurance Youth Managers in the Philippines.

Takaful Brunei Am/General, Executive officer Pg Hj Baharuddin Alim Shah bin Pg Hj Kamaruddin and
Head of Underwriting and Retakaful, Takaful Brunei Keluarga, Fuad Hamdi bin Pehin Dato Hj Salim,
will be learning from the best the insurance industry has to offer at the AYIM program that will be
held from 20- 26 November 2010.

Pg Hj Baharuddin said that some Muslims believe insurance is unnecessary, as society should
help its victims. Others believe that Muslims should not ignore the fact that they live, trade and
communicate with open global systems, and the need for banking and insurance. We believe in
creating Muslim-friendly banking systems and a workable insurance framework by which Muslims
can compete with non-Muslims in business and have cover in daily life.

He said that in the Quran, Surah Al-Maidah, verse 2, states “Basis of Co-operation Help one another
in al-Birr and in al-Taqwa (virtue, righteousness and piety): but do not help one another in sin and
transgression”.

“We believe in helping the community in Brunei Darussalam, and through Islamic insurance we
are able to achieve that. The fundamentals and principals of Islamic Insurance Takaful is that
policyholders cooperate among themselves for their common good, every policyholder pays his
subscription to help those that need assistance, losses are divided and liabilities spread according
to the community pooling system, uncertainty is eliminated in respect of subscription and
compensation, and that it does not derive advantage at the cost of others,” he said.

He explained that Takaful is perceived as cooperative or mutual insurance, where members
contribute a certain sum of money to a common pool. The purpose of this system is not profits but
to uphold the principle of “bear ye one another’s burden.”

Commercial insurance is strictly not allowed for Muslims as agreed upon by most contemporary
scholars because it contains elements of Al-Gharar (Uncertainty), Al-Maisir (Gambling) and Riba
(Interest).

The AYIM will be able to expand our understanding of Insurance on the whole and with the
knowledge and experienced gained from the AYIM program, he and his counterpart will be able to
share the knowledge with fellow insurance practitioners with the hope of providing better services
and facilities to the general public.

Malay Version

BANDAR SERI BEGWAN Jumaat 19 November – Bagi meningkatkan lagi professionalisma dan mutu
perkhidmatan, Takaful Brunei Am/General dan Takaful Brunei Keluarga subsideri Takaful Holdings
Sdn Bhd telah menghantar 2 pegawai dari setiap subsidari untuk mengikuti program pengurus
insurance muda ASEAN di Filipina.

Pegawai eksekutif Takaful Brunei Am/ General Pg Hj Baharuddin Alim Shah bin Pg Hj Kamaruddin
dan Ketua underwriting dan retakaful, Takaful Brunei Keluarga, Fuad Hamdi bin Pehin Dato Hj Salim
telah bertolak ke Filipina bagi mengikuti krusus tersebut.

Pg Hj Baharuddin mengatakan bahawa kursus tersebut adalah peluang keemasaan bagi mereka
berdua untuk mendalami lagi bidang industry insurans, apatah lagi insurans Islam Takaful.

Menurutnya tidak ramai yang mengentahui kepentingan insurans apatah lagi insurans yang
berkonsepkan insurans Islam yang dinamakan takaful.

Beliau menjelaskan bahawa, Takaful mengikut tafsiran syara’ ialah pakatan satu kumpulan untuk
saling jamin menjamin dan tolong menolong antara satu sama lain, Ini bertepatan dengan Hadith
Rasulullah S.A.W. yang bermaksud, “Demi diriku yang dalam kekuasaan Allah bahawa sesiapapun
tidak masuk syurga jika tidak memberi perlindungan kepada jirannya yang terhimpit.

Sistem takaful adalah satu saluran yang membolehkan individu berikhtiar untuk saling bantu
membantu bagi menghadapi risiko serta menyediakan manfaat dalam mengurangkan beban
kewangan.

Katanya takful juga adalah Sebagai saluran atau mekanisma sosial di mana dengan konsep tersebut
boleh juga menjaga kebajikan sosial dan mewujudkan keharmonian sosial .

Beliau berharap bahawa krusus yang mereka mengikuti akan dapat memanafaat bukan sahaja
mereka berdua akan tetapi juga memanafaatkan orang ramai dengan kemantapan kualiti
perkhidmatan dan kemudahaan yang sudah ada.

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