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Strategic Partner

11 & 12 April 2016  Dusit Thani, Dubai, United Arab Emirates

World Takaful Conference (WTC) is the leading global forum for Takaful which has played an instrumental role in the development of the industry for more than a decade by facilitating thought-provoking discussions, producing quality research and actionable insights.

The Takaful industry is still at a nascent stage in its development although its growth has been rapid over the past 7 years and its total assets have doubled in the last 5 years. As the industry navigates through the complex global insurance landscape, there is a greater need for its leaders to share insights and deliberate on new strategies to help it grow beyond its niche status.

WTC serves as a platform to facilitate ideas sharing among the leaders in the industry gathered from various parts of the world ranging from key markets for Takaful such as the GCC and SE Asia to emerging markets such as Africa and Europe.

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Connect fragmented Takaful markets by bringing the leaders in these markets together on one platform

Equip Takaful leaders with actionable insights to help in their strategic decision-making

Facilitate a dialogue between regulators and Takaful practitioners

Provide a roadmap for the future course of the industry to achieve its growth agenda

Transforming the industry through actionable insights and recommendations:


Takaful operators have operated in relatively under-regulated markets which has led to a divergence of practices that erodes perceptions of market stability. For instance, investment portfolios of many operators have high concentration of risky assets and there is a tendency to underwrite risk based on pricing rather than proper assessment. Clear and strict guidelines in these two key areas are needed to help in improving the stability of the Takaful operators.

Key recommendation: Encourage regulators to cooperate to ensure regulatory harmonization relating to investment and underwriting practices


One of the main reasons Takaful is facing challenges against competition from conventional insurance is the lack of consistency is properly following the underlying principles of mutuality and Shariah which would offer a clearer value proposition. For instance, it’s prevalent in the industry to partly invest in non-Shariah compliant instruments, insure risk with Re-insurers instead of Re-Takaful operators, infrequently or never redistribute profits. Most important of all not maintaining separation of risk between shareholders and policyholders. This affects the true essence of Takaful that is purely based on risk sharing.

Key recommendation: Support best practices in usage of ‘qard’ to limit risk shifting from policyholders to shareholders


The Takaful industry is fragmented and there is unhealthy level of competition within each segment. One of the major reason for disintegration of the various markets is the absence of uniformity in the regulatory frameworks. This impedes the geographical expansion of the operators and hence the opportunity for achieving scale, risk diversification and most importantly, reducing the intensity of competition.

Key recommendation: Encourage regulatory harmonization for regional Takaful operators to spread their risk more widely and support Takaful market development beyond core markets (Saudi Arabia and Malaysia)


Breakthrough Research

WTC brings groundbreaking research into the industry in the Finance Forward Middle East Takaful Outlook Report 2016, to be launched exclusively at the conference. The findings of the report will help leaders in the industry to make key strategic decisions and capitalize on the emerging opportunities.

Global Outreach

In addition to having the participation of major stakeholders in the regional insurance industry, the WTC attracts a wide range of global insurance & Takaful leaders which helps in the transfer of best practices from the global insurance markets.

Interactive Experience

In order to engage the participants and enable them to actively participate in the conversations, WTC adds technological enhancements such as real time voting and live social media feed that will provide an immersive and truly memorable experience.


  • International and Regional Keynote addresses

  • Industry Leaders session

  • Industry Leaders session

  •  Shariah Scholars Debate

  • Country Focus sessions

  • Investment Management strategies session

Conference Day 1

  • 08:00 - 9:00 Registration and Morning Refreshments
  • 9:00 Official Opening of the 11th Anniversary World Takaful Conference (WTC 2016)
  • 09:00 - 09:05 Moderator's Opening Remarks
  • 09:05 – 09:20 Session 1: Inaugural Address: Strengthening Takaful as a key pillar of the Islamic ecosystem

    Key discussion Points:

    • How can Takaful play a key role in supporting other segments of the Islamic economy
    • How can the development of the Takaful Industry be expanded to be inclusive of all consumers including under- and un-insured population?

  • 09:20 – 09:35 Session 2: Keynote Address: Regulatory Perspectives - Role of A Robust Regulatory Framework for the Development of the Takaful Industry

    Key discussion Points:

    • What are the common priorities for regulators to support international growth of takaful operators?
    • How do recent regulatory developments, including those yet to be implemented, redefine the competitive and financial strength of takaful?
    • What steps are necessary to strengthen the industry’s corporate governance framework, improve its asset-liability management methodology to ensure that takaful operators remain solvent?

  • 09:35 – 10:05 Session 3: International Industry Keynote Address

    (a) Takaful Best Practices – Incorporating Experiences in Fast-Growth Markets to Support Future Growth

    Key Discussion Points:

    • Learning from core markets for Takaful (Saudi Arabia and Malaysia) in raising consumer adoption and growing market share
    • How do takaful operators implement insurance best practice without sacrificing Shari’ah authenticity
    • Should regulators accelerate the separation of general and family takaful businesses?
    • How do external portfolio managers fit within the investment management side of the takaful business?

    (b) New Horizons for Takaful – Opportunities in Takaful in the UK

    Key Discussion Points:

    • Assessing the emergence of Takaful capabilities in the UK and its effect on global Takaful industry
    • How has the UK adapted to allow for Takaful industry development alongside conventional operators
    • Analyzing Capabilities: Can the industry benefit from development of the UK market to insure big commercial risks with Takaful

    (c) Lessons from Mutual Insurance – How can Takaful Address Corporate Governance Issues?

    Key Discussion Points:

    • How can the corporate governance infrastructure be further developed?
    • Finding ways to better align the interest of the management with the interest of the policy holders
    • Should the corporate governance model of the Mutual insurance be applied in the Takaful industry

  • 10:05 – 10:45 Session 4: CEO Power Debate: A Turning Point for Takaful

    Key Discussion Points:

    • Has the growth in takaful hit a competitive brick wall and what can be done to break through to either out-compete insurers or grow the aggregate market size?
    • Evaluating new strategies to overcome limited scale in takaful markets and for takaful operators?
    • How the latest bout of investment volatility will affect insurers operating with underwriting deficits
    • How can takaful operators support greater financial inclusion in markets where insurance penetration is low?

  • 11:15 – 11:45 Session 5: Shariah Debate: Does Takaful need more Shariah Harmonization to Overcome Fundamental Issues with the Takaful Operating Model?

    Key Discussion Points:

    • Addressing the fundamental issues of qard, risk sharing vs risk transfer and surplus sharing. to create an authentic and profitable takaful industry
    • Can takaful achieve meaningful harmonization of Shariah opinions the way that Islamic banking has?
    • How do Shariah boards play a formative role for ReTakaful industry by more effectively putting pressure on operators to select ReTakaful over conventional reinsurance?

  • 11:45 – 12:15 Session 6: Discussing Strategies to Further Develop and Strengthen the Retakaful Industry

    Key Discussion Points:

    • Addressing the issue of Takaful operators reinsuring in conventional space – does it dilute the authenticity for end-users? How are the ReTakaful operators strategizing to compete in the reinsurance market?
    • ReTakaful capabilities – Can takaful use syndication of risk to improve competitive position for winning business in the big commercial risk markets?
    • Risk Diversification – is developing scale the best strategy to diversify the risk exposure for the operators?

  • 12:15 – 12:45 Session 7: Investment Strategies: Managing Diversification in Takaful Investment Portfolio to Improve Financial Stability

    Key Discussion Points:

    • Managing the sukuk supply/demand gap — Are suitable investment opportunities available and accessible for Takaful operators within fixed income markets?
    • How will the Takaful operators adapt their investment strategies to equity market and FX volatility and strong links between market performance and oil prices?
    • Is regulatory pressure needed to focus insurers on suitable portfolio diversification for better shareholder and policyholder protection

  • 12:45 – 13:15 Session 8: Assessing the Practical Realities of M&A in the Regional Takaful Industry

    An interactive debate to assess the state of M&A opportunities for takaful operators to capture economies of scale. The participants will present their views on the feasibility of M&A and challenges including fragmented or oversaturated markets, divergent regulatory requirements, and financial market M&A challenges in the region.

  • 13:15 – 13:20 Moderator’s Summation Remarks
  • 13:20 – 15:00 Conference Luncheon
  • 15:00 – 17:00 Open Networking
  • 17:00 Close of Day 1

Conference Day 2

  • 08:00 - 09:00 Registration and Morning Refreshments
  • 09:00 - 09:05 Moderator's Opening Remarks
  • 09:05 – 09:45 Session 9: Ratings Roundtable: Improving the Financial Strength of Takaful Players – What can be done?

    Key Discussion Points:

    • Assessing the current financial strength of the Takaful industry
    • How can Takaful operators improve their profitability to protect and improve their ratings
    • Addressing risk-shifting effect of Qard policy from a ratings perspective

  • 09:45 – 10:25 Session 10: Takaful Future Vision - Finding a New Vision for the Takaful Industry

    Key Discussion Points:

    • What should the takaful market look like in 2020?
    • Does the future hold promise or peril for takaful, and do smaller markets have the potential for significant growth?
    • Will family takaful grow to be large enough to support longer-dated sukuk?

  • 10:25 – 10:55 Session 11: Face-to-Face with an Industry Pioneer: Insights into the Past, Present and Future of the Takaful Industry

    An informal interview Q&A session with a leading figure who is still actively involved with the Takaful industry

  • 10:55 – 11:25 Refreshment & Networking Break
  • 11:25 – 12:05 Session 12: Sustainable Market Growth – Looking at the Opportunities for Innovating the Takaful Market Offering

    Key Discussion Points:

    • In what areas do current products not meet customer needs and expectations?
    • Which segments of the market and among which customer segment is there the most untapped potential?
    • Special Feature: Rebranding Takaful – How to reposition Takaful as a strong ethical alternative that offers similar benefits as mutual insurance

  • 12:05 – 12:45 Session 13: The Great Takaful Debate – New Perspectives for Enhancing the Authenticity of the Takaful Industry Without Hurting Growth

    An interactive debate between a Shariah scholar, a banker and an academic on the current state of the takaful sector and whether there should be a re-think of the existing structure for takaful operators

  • 12:45 – 13:25 Session 14: Emerging markets for Takaful – Assessing new opportunities for growth

    Key Discussion Points:

    • Which new markets provide the most promising opportunities for the growth of Takaful?
    • What market will be able to rival the size of Takaful markets in Saudi Arabia and Malaysia?
    • How to create an enabling environment for Takaful within its emerging markets?
    • MicroTakaful in Focus – in which markets does there exist customer demand, regulatory support and potential scale for an operator which can cater to low-income segment of the population in the MENASEA region?

  • 13:25 – 13:30 Moderator’s Summation Remarks
  • 13:30 – 15:00 Conference Luncheon
  • 15:00 – 17:00 Open Networking
  • 17:00 End of WTC 2016


Abdulla Mohammed Al Awar

Chief Executive Officer
Dubai Islamic Economy Development Centre

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H.E. Ebrahim Obaid Al Zaabi

Director General
Insurance Authority (IA)

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Dave Matcham

Member of Executive Committee
Islamic Insurance Association of London (IIAL)

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Salmaan Jaffery

Chief Business
Development Officer
Dubai International Financial Centre (DIFC) Authority

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Richard Bishop

Chief Executive Officer
Cobalt Underwriting

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Rajesh Sethi

Chief Executive Officer
Noor Takaful

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Yassir Albaharna

Arig – Bahrain

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Safder Jaffer, FIA

Managing Director & Consulting Actuary – Middle East & Africa

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Mohamed El Dishish

Chief Executive Officer

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Eric Swats

Head of Asset Management

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Ajmal Bhatty

Member of the Board, Tokio Marine Middle East
 Masses Global

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Andrew Bojkowski

Senior Manager, Insurance Supervision
Dubai Financial Services Authority

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Ravindra Mohan

VP Consulting & Business Development

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Mohammad Azmatullah Sharif

Head of Pricing and Takaful
Munich Re Dubai

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Dr. Muhammad Al-Bashir Muhammad Al Amine

Shariah Advisor
Islamic Corporation for the Development of the Private Sector (ICD) – Islamic Development Bank

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Dr. Hatim El-Tahir, FCIB, FCISI

Director, Islamic Finance Group
, Deloitte ME Islamic Finance Knowledge Centre (IFKC)
Deloitte & Touche – Bahrain

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Mufti Aziz Ur Rehman

Manager – Shari’ah
Mawarid Finance

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Sanjay Jain

MENA Insurance Leader

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Abhijit Singh

Head of Asset Management & Investment
Solidarity Group Holding Company

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Arthur Underwood

Senior Underwriter – Treaty
ACR ReTakaful MEA

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Sivam Subramaniam

Asia Insurance Review & Middle East Insurance Review

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Mahesh Mistry

Director, Analytics
A.M. Best

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Dr. Omar Fisher

Managing Director
Khidr Solutions

Jon Guy

Secretary General
Islamic Insurance Association of London (IIAL)

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Raymond Hurley

Middle East Deals Financial Services Leader

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Pervez Nasim

Chairman & CEO
Ansar Financial and Development Corporation

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Gautam Datta

Chief Executive Officer
National Takaful Company (Watania)

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Dr. Dennis Sebastian

Regional Director of Health
Reinsurance Group of America (RGA)

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Dawud Abdus-Saboor

Co-Founder and Director
Takaful Outsource Ltd

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Dr. Azeemuddin Subhani

Assistant Professor
Ajman University of Science and Technology (AUST)

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Dr. Khalid Bin Abdulaziz AlJanahi

Dubai Islamic Economy Development Centre

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Mohammed Ali Londe

Assistant Vice President – Analyst, EMEA Insurance
Moody’s Investors Service Middle East Limited

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Lakhdar Moussi

Banking & Finance Consultant

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Ali R Hasan

Head of Business Development
QInvest Asset Management

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Mohamed Seghir

Vice President, Europe, Middle East & Africa
Swiss Reinsurance Company Ltd

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Sam Thanvi

Chief Operating Officer
FWU Global Takaful Solutions

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Omar Gouda

Managing Director
Africa Retakaful

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Robin Ali

Managing Partner

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Robin Amlôt

CPI Financial

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Muktisjah Ramli

Takaful Outsource

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Peter Hodgins

Clyde & Co

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Syed Raza Haider, FIA, FPSA

Appointed Actuary
Alinma Tokio Marine

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Osama Noor

Representative – MENA
Middle East Insurance Review (MeIR)

Haroon Ahmad

Head of Business Development
Rasmala Group

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Why Partner?


Partner with us at the world’s largest conference for Takaful to showcase your prominence within the industry. Below are key reasons how WTC provides can help you in achieving your strategic objectives:

Thought Leadership

Contribute to the historic conversations-Have your say in the thought provoking discussions that serves to determine the direction of the industry and communicate your vision to the industry.

Prominence and Visibility

Stay ahead of your competitors and showcase your leadership to the various stakeholders in the industry using our highly effective marketing system to reaching far and wide into markets around the world.


Showcase your unique value propositions to the Takaful industry and interact with prospective clients and other industry professional in the conference exhibition.

New Opportunities

Make new business connections and develop partnerships leading to enhanced opportunities for growth by interacting with key decision makers

Why Attend?

  1. Be the first to learn about new visions and initiatives by regulators and policy makers in exclusive keynote speeches
  2. Explore how global trends in insurance and macroeconomic developments in the region will influence the Takaful industry
  3. Meet more than 400 senior executives from the global Takaful industry
  4. Learn from distinguished and influential speakers, and engage with them in lively discussions
  5. Network with key decision makers and leaders in the global Takaful industry

Who’s Attending?

  1. Policy Makers, Regulators, Economists & Strategists
  2. Leaders of Takaful organizations across the region
  3. Heads of Bancassurance and Bancatakaful
  4. Shariah Advisors & Scholars
  5. Experts in various segments of Takaful primarily motor, health and life/family
  6. Technology company C-level executives, Business Development Managers
  7. Business Specialists and Professionals, Mid-Level Management, Analysts, Risk Professionals in the Middle East insurance market
  8. Lawyers and Legal Experts
  9. Professors, Academics And Journalists


Got inquiries about the conference? Please drop us a line or you may ask @meglobaladvisor on Twitter.

For Sponsorship, Exhibition and
Delegate Inquiries, please contact:

For Marketing and Media Inquiries:

Nikita Kandath

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