IFMP Bancatakaful Certification (BTC), Pakistan study plan

Define riba, gharar and maysir in your own words and state how each takaful structure removes the prohibited element

Differentiate takaful from conventional insurance across at least five dimensions (ownership of funds, risk sharing, surplus, investment, governance)

Trace the flow of money between participant account, tabarru' (risk) fund and operator account for a single family takaful certificate

Compute a simple surplus distribution between participants and operator given a stated wakala fee and surplus-sharing ratio

Map each Shariah prohibition to a specific takaful design feature that addresses it

Compare wakala, mudaraba, hybrid wakala-mudaraba and waqf-based models across six criteria (fee basis, surplus rights, deficit handling, capital, Shariah risk, disclosure)

Sketch the underwriting cycle from proposal to acceptance and label where the bank touches the process

Explain retakaful arrangements and how a risk fund deficit is handled under each business model

Sequence the claims process into discrete steps and note the documents required at each

Calculate the operator's total remuneration under a wakala model with a performance fee, showing every step

Catalogue the family and general takaful products typically distributed through bank branches and name the customer need each serves

Distinguish referral, agency and co-branded bancatakaful distribution arrangements and state who contracts with whom in each

Map an end-to-end bancatakaful customer journey from branch enquiry to certificate issuance and first contribution

Produce a product-feature matrix covering contribution, coverage, exclusions, surplus treatment and termination

List the authorisation and training prerequisites a bank employee needs before advising on a takaful product in Pakistan

Outline the Shariah governance chain from the regulator to the branch and name the function of each layer

Draw the reporting lines between the Shariah Advisor or Board, the operator's management, internal Shariah audit and the compliance function

List the fit-and-proper, disclosure and product-illustration expectations that apply before a takaful product is offered through a bank

Describe the complaint-handling and dispute-resolution route a bancatakaful customer follows, step by step

Assemble a pre-launch compliance checklist for a new bancatakaful arrangement, citing the control owner for each item

Write a five-step needs-analysis script that a branch officer can complete in under six minutes

Draft suitability questions that screen for affordability and protection gap before any product is proposed

Prepare responses to five common customer objections, each with a factual, non-pressuring answer

Design a service-recovery sequence for a delayed claim or miscommunication, including escalation timings

Build a disclosure checklist that confirms the customer understood contribution, exclusions and cooling-off rights

Identify at least ten red flags of money laundering or terrorist financing in a bancatakaful sales context

Apply customer due diligence and enhanced due diligence triggers to three short case vignettes

Sequence the suspicious transaction reporting process from detection to filing, naming the responsible role at each stage

Distinguish mis-selling, churning and conflict-of-interest conduct and state the correct action in each case

Explain data privacy and record-retention obligations for customer information collected at the branch

Re-test your weakest 25 items from Domains 1 and 2 and rewrite each missed concept as a flashcard question and answer

Re-derive the surplus and operator-fee calculations from memory without notes

Complete a timed 60-question mixed set spanning all six domains and record per-domain accuracy

Rank your six domains by accuracy and allocate the remaining study hours accordingly

Rebuild the model comparison table from memory and check it against week 2

Sit two full-length timed mock exams under exam conditions and score each by domain

Review every mock error and convert it into a one-line cheat-sheet entry

Compress the whole syllabus into a two-page final revision sheet covering formulas, models and compliance steps

Rehearse the sales, complaint and AML process flows aloud until each can be delivered in under two minutes

Set a written exam-day plan covering timing per section, order of attempt and a checklist of common traps