IFMP Family Takaful Agents Certification (FTAC), Pakistan

Family Takaful Agents Certification (FTAC)

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About this exam

The Family Takaful Agents Certification (FTAC) is one of the certifications listed by the Institute of Financial Markets of Pakistan (IFMP) under its Insurance Certifications group, alongside Bancassurance, Bancatakaful, General Takaful, Authorized Surveying Officers, and the Life and Non-Life Insurance Agent's Courses. IFMP describes itself as Pakistan's first securities market institute, established as a permanent platform to develop quality human capital for financial markets and to create standards among market professionals; it states that it conducts licensing examinations leading to certifications for different segments of financial markets. The credential is aimed at individuals who sell or advise on family (life) takaful and who need to demonstrate command of Islamic insurance principles, product structures and benefits, policy documentation, underwriting and risk assessment, claims handling, and the regulatory and ethical standards governing agent conduct in Pakistan. Candidates should expect a multiple-topic licensing examination rather than a single-subject test, with weight spread across takaful fundamentals, products and documentation, underwriting and claims, and regulation and ethics. Preparation should start from the official IFMP Study Guide and the IFMP Mock Paper under Downloads, then move to the Examination Regulations and Examination Schedule pages for the rules and sitting dates, and to the Fees Structure and Registration Process pages before booking through the online registration portal. Note that IFMP does not publish the FTAC question count, duration, pass mark, fee, retake policy, or certificate validity on its public pages, so confirm those directly with IFMP rather than relying on second-hand figures. This page is an independent study resource and is not affiliated with or endorsed by IFMP.

What you'll study

Common questions

About IFMP Family Takaful Agents Certification (FTAC), Pakistan preparation

Who runs the Family Takaful Agents Certification and where do I register?

It is listed by the Institute of Financial Markets of Pakistan (IFMP) under Insurance Certifications. IFMP states that candidates start their certification journey through the IFMP registration portal. Registration process details and certification forms are published on the IFMP site, so read those pages before submitting anything.

What does the exam actually test?

Expect coverage of family takaful fundamentals and Islamic insurance principles, products, benefits and policy documentation, underwriting, risk assessment and claims, and Pakistan's regulatory framework, ethics and agent conduct. Treat these as four equally weighted study areas and budget your revision time accordingly rather than over-studying one topic.

How many questions are there, how long is it, and what is the pass mark?

IFMP's public pages do not state the FTAC question count, duration or passing score. Anyone quoting these numbers is likely guessing or repeating outdated material. Check the Examination Regulations and Examination Schedule pages, or contact IFMP directly at +92-21-34540843-44 during office hours (Mon-Fri, 9:00 AM to 5:30 PM).

What does it cost and what is the retake policy?

IFMP publishes a Fees Structure page, but no FTAC-specific fee figure appears in its public text, and no retake policy is stated there either. Confirm both with IFMP before you plan a sitting, especially if you are budgeting for a possible second attempt. Do not rely on figures circulated in forums or coaching notes.

How should I prepare, and in what order?

Start with the IFMP Study Guide and the IFMP Mock Paper, both listed under Downloads. Then read the Examination Regulations for sitting rules and the Examination Schedule for dates. Use the mock paper to find weak areas, then re-study those topics. Note that IFMP lists Safe Exam Browser under Downloads, so check whether your sitting uses it and practise accordingly.

Is the exam hard?

IFMP does not publish FTAC pass rates, so difficulty cannot be stated factually. The realistic risk is breadth: four distinct areas, including Shariah-based takaful concepts and Pakistan-specific regulation, each needing attention. Candidates who only revise product selling points usually struggle with underwriting, claims and conduct questions.

What are the most common ways candidates lose marks?

Three recurring patterns: treating family takaful as ordinary life insurance and missing the tabarru' and mutual-protection logic; skimming policy documentation and benefit wording; and ignoring agent conduct and regulatory duties. Underwriting and claims questions also punish guesswork, so learn the sequence of risk assessment and claim handling rather than isolated definitions.

Can I verify my certification or membership afterwards?

Yes. IFMP provides a Members Verification facility described as verifying membership status and access to professional certification records. There is also an Insurance Agent's e-Certificate link on the site. Use these official verification routes rather than screenshots or emails when an employer or principal asks for proof.

Where is IFMP located if I need to visit or call?

IFMP's address is Pakistan Stock Exchange Main Building, Level 03, above the Trading Hall, Karachi, Pakistan, with telephone +92-21-34540843-44. Office hours are Mon-Fri, 9:00 AM to 5:30 PM. A separate mobile number and email appear in the site footer for contact purposes.

Is this page officially connected to IFMP?

No. This is an independent study resource written for candidates searching for the exam. It is not affiliated with, endorsed by, or acting on behalf of IFMP. Always treat the IFMP website as the authoritative source for regulations, schedules, fees and registration, and disregard any conflicting third-party claims.