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Course Description1 Module 1 Video
The application of IFRS 17 to takaful presents the accounting fraternity with a challenge. Is takaful a mutual or is it an insurance company? The application of IFRS 17 is different for a mutual compared to insurance and thus this argument is fundamental to the whole discussion.
This webinar will first consider how takaful is accounted under MFRS 4 and then discusses the MASB Paper on the application of IFRS 17 to takaful.
This presentation is free to the public, however, registration is required to access.
Zainal Abidin Mohd Kassim is the Senior Partner at Actuarial Partners Consulting Sdn Bhd. He has been a consulting actuary with the company since 1982. His years of consulting experience spans the full spectrum of actuarial services including life and general insurance consulting, family and general takaful consulting, retirement benefit consulting and investment consulting. He is a pioneer in takaful having been involved in the takaful industry since its establishment in Malaysia in 1986. He has also been involved in the development of takaful overseas including in Saudi Arabia, Bahrain, the UK, Tanzania, Sri Lanka, Indonesia and Brunei. In recognition of his involvement in the development of takaful globally he was presented with the Lifetime Achievement Award at the 2017 International Takaful Summit in London.
- VIDEO-TAKAFUL AND IFRS 17: CHALLENGES IN PRESENTATION