IFMP Family Takaful Agents Certification (FTAC), Pakistan study plan

Define takaful and explain how mutual risk-sharing, tabarru (donation) and the separation of participants' fund from shareholders' fund distinguish it from conventional insurance

Explain the prohibition of riba, gharar and maysir and give one concrete family takaful design feature that addresses each prohibition

Compare the wakala, mudarabah and hybrid wakala-mudarabah operating models and state who bears which risk in each

Describe the roles of participant, operator, Shariah advisor and the participants' investment account in a family takaful arrangement

Map the family takaful benefit structure: death benefit, survival/maturity benefit, accidental death rider and supplementary riders, and state the trigger condition for each

Distinguish family takaful from general takaful by contract type, duration and fund treatment

Explain how surplus is generated, allocated and distributed to participants versus retained by the operator

Summarise the key content of the proposal form, policy schedule, participant membership document and the meaning of each exclusion clause

Compare term takaful, endowment-type plans, whole-of-life style plans and investment-linked family takaful on duration, contribution pattern and benefit certainty

Calculate the contribution allocation split between tabarru pool and participants' investment account for a given product illustration

Explain policy documentation lifecycle: proposal, acceptance, issuance, free-look period, grace period, reinstatement, surrender and maturity

Interpret the terms nominee, beneficiary, assignment and trust in the family takaful context and explain how nomination affects claim settlement

Explain the underwriting purpose in takaful: protecting the tabarru pool and ensuring equitable contribution among participants

Distinguish standard, substandard, declined and postponed risk decisions and state the underwriting action for each

Describe the role of medical examination, family history, occupation and hazardous-activity questions in risk classification

Explain disclosure obligations of the proposer and the consequences of non-disclosure or misrepresentation on a claim

Sequence the claim notification, documentation, assessment and settlement process for death and survival claims

Identify the documents required for a death claim and explain why each is needed

Apply exclusion and non-disclosure rules to decide claim outcomes in three short scenarios

Explain the claims handling timeline and the participant's right to reasons for a repudiation

Outline the regulatory architecture governing takaful in Pakistan: the insurance ordinance framework, the securities and exchange regulator's role, and the takaful rules

Explain the agent's licensing, registration and renewal requirements and the consequences of acting without a licence

Describe conduct obligations: know-your-customer, suitability, anti-money-laundering checks, confidentiality and complaint handling

Distinguish the agent's authority from the operator's underwriting authority and identify acts the agent cannot perform

Apply ethical selling standards to three scenarios involving unsuitable recommendations, rebating and misrepresentation of product features

Explain the Shariah governance requirement for takaful operators and the agent's duty to present only Shariah-approved products accurately

Analyse conflict-of-interest situations and state the disclosure action required

Explain how complaints and disputes reach the regulator or ombudsman and what records an agent must retain

Consolidate all four domains into a single revision sheet of no more than two pages

Complete a full-length timed mock examination and review every incorrect answer to its source rule

Re-drill the five weakest topics identified by the mock result

Rehearse the definitions of takaful, tabarru, surplus, wakala, riba, gharar and maysir until recall is instant