FACULTY OF ECONOMICS AND BUSINESSS
UNIVERSITASINDONESIA
ISLAMIC BUSINESS UNDERGRADUATE PROGRAM
Syllabus
TAKAFUL&RETAKAFUL(ECIE6 3011)
3CREDIT HOURS, EVEN SEMESTER 2023-2024
A.
Lecturers :
Lecturer
Ulian T. Malik, M.B.A.
Permata Wulandari, Ph.D
M. Budi Prasetyo, M.S.M
Telephone
0811844458
081380603613
081310798892
Email
ulian_malik@yahoo.com
permata.w@gmail.com
m.budi.prasetyo@gmail.com
B. Subject Description :
This course intends to provide a basic understanding of the Islamic insurance (takaful) and reinsurance
(retakaful). It explains the Shariah framework of Islamic insurance and reinsurance along with the
historical background. It also discusses the concept and salient features of takaful and retakaful and how
it differs from conventional insurance and reinsurance. The subject explains how Islamic insurance is
transacted as a business and how the Islamic insurance market operates. The relationship between
Islamic insurers and their customers and the importance of Islamic insurance contracts are discussed. Some
commonly used Islamic insurance terms are also listed out. An overview of majorty of Islamic insurance and
general insurance products is included as well. Upon successful completion of the course students should
be able to demonstrate an understanding of : historical background, nature and principles of Islamic
insurance and reinsurance; Shariah framework of Islamic insurance and reinsurance; operational
framework of Islamic insurance and reinsurance; structure of Islamic insurance markets; constraints
and opportunities for Islamic insurance; way in which ethical considerations and regulations of Islamic
insurance and reinsurance are applied and practiced in Indonesian context.
C. Type :
Compulsory subject
D. Prerequisite(s) :
a. Pengantar Keuangan dan Perbankan Islam(ECIE603006)
E. Textbook(s)&Article(s):
1.
Ahmad Faizal AbdulAziz and Shaiful fazlee Mohamad(2013).Fulfillment of Maqasid alShariahviaTakaful.Retrievedfromhttp://mpra.ub.uni-muenchen.de/47776/(AFA)
2.
Ali Abdul Rahim Khorsid(2013).Islamic insurance:A modern approach with particular
reference
to
western
and
Islamic
Banking.
Retrieved
from
http://etheses.whiterose.ac.uk/518/1/uk_bl_ethos_496561.pdf(AARK)
3.
Omar Clark Fisher(2013).A takaful primer:Basics of Islamic insurance. Retrieved from
www.takafulprimer.com/Resources/takaful_report_primer_2013.pdf(OCF)
4.
Dr.Syahida Abdullah (2012).Risk Management via Takaful from a Perspective of Maqasid of
Shariah. Procedia-Social and Behavioral Sciences.Vol.65.Pp.535.542. Retrieved from
http://dx.doi.org/10.1016/j.sbspro.2012.11.161(DSA)
5.
Sheila NuNuHtay, Mustapha Hamat, WanZamriWan Ismail and Syed Ahmed
Salma(2014).Retakaful (Islamic Reinsurance) Historical, Shari’ah and Operational Perspectives,
World Applied Sciences Journal 30 (Innovation Challenges in Multidiciplinary Research &
Practice,pp.185-190.Retrieved
from
http://www.idosi.org/wasj/wasj30%28icmrp%2914/24.pdf(SNN)
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
Emmett J. Vaughan & Therese M. Vaughan. Fundamentals of Risk and
Insurance. John Wiley & Sons, 2008. (ET)
OJK. Data dan Statistik Asuransi Indonesia. Retrieved from
http://www.ojk.go.id/id/kanal/iknb/data-dan-statistik/asuransi/default.aspx
(SAOJK)
Hasbullah Thabrany. Sejarah Asuransi Kesehatan. Retrieved from
http://staff.ui.ac.id/system/files/users/hasbulah/material/babisejarahasuransikese
hatanedited.pdf (HT1)
Hasbullah Thabrany. Strategi Pengembangan Asuransi Kesehatan di Era
Desentralisasi.
Retrieved
from
http://staff.ui.ac.id/system/files/users/hasbulah/material/asuransikesehatanvdese
ntralisasi.pdf (HT2)
Hendrisman Rahim (2013) Optimisme Pertumbuhan Asuransi Indonesia;
Proyeksi Perkembangan Lima Tahun (2014-2018). Jurnal Asurnasi dan
Manajemen Resiko, Vol. 1, No. 2. (HR)
Mahmoud A. El-Gamal (2006). Islamic Finance: Law, Economics, and Practice.
Cambridge University Press. (MAG)
Samir Mankabady (1989).Insurance and Islamic Law:The Islamic Insurance Company, Arab
Law
Quarterly,Vol.4,No.3),
pp.199-205.Retrieved
from
http://www.jstor.org/stable/3381319(SM)*
Mohd. Masum Billah(1998).Islamic Insurance: Its Origins and Development, Arab Law
Quarterly,Vol.13,No.4(1998),pp.386-422.Retieved
from
http://www.jstor.org/stable/3382093(MMB)*
Mubbsher Munawar Khan, Hassan Mobeen Alam, Naveed Ahmad, Muhammad Sabeeh
Iqbal, Salmat Ali(2011).Comparative Analysis of Islamic and Prevailing Insurance Practices.
Retrieved
from
http://www.ijbssnet.com/journals/Vol.%202_No._10%3B_June_2011/31.pdf.(MMK)
Mher Mushtaq Hussain & Ahmad Tisman Pasha (2011). Conceptual and operational
differences between general takaful and conventional insurance. Australian Journal of Business
and
Management
Research.Vol.1.No.8pp.23-28
http://www.ajbmr.com/articlepdf/AJBMR_17_41i1n8a4.pdf(MMH)
Muhammad Syakir Sula (2004).Asuransi syariah (LifeandGeneral): Konsep dan sistem
operasional. (MSS)**
SimonArcher,RifaatAhmedAbdelKarim,VolkerNienhaus.TakafulIslamicInsurance,
JohnWiley&Sons, 2009. (SA)**
SohailJaffer(2007).Islamic
Insurance:Trends,Opportunities
andtheFutureofTakaful.EuromoneyBooks.(SJ)**
SafderJaffer,Farzana
Ismail, JabranNoor,LindsayUnwin(2010).Takaful(Islamicinsurance):
Concept, challengesand opportunities. Retrieved from: https://www.islamicfinance.com/wpcontent/uploads/2015/06/Takaful-islamic-insurance-concept-challenges-and-opportunitiespdf.pdf(SJFI)
ZainalAbidin
Mohd.Kassim
(n.d).Retrievedfromhttp://www.aktuaris.org/images/upload/File/35%20ZainalAbidin_MohdKass
im_01.pdf(ZAM)
IndonesiaFinancialServicesAuthorityRegulationNumber2/POJK.05/2014onGood
GovernanceofInsuranceCompany.Retrievedfromhttp://www.ojk.go.id/id/regulasi/otoritas-jasakeuangan/peraturan-ojk/Documents/POJK22014combine_1398476747.pdf(POJKG)
IndonesiaFinancialServicesAuthorityRegulationNumber1/POJK.05/2015onRiskManagementf
orNonBankFinancialInstitution.Retrievedfrom
http://www.ojk.go.id/id/regulasi/otoritas-jasakeuangan/peraturanojk/Documents/POJK1PenerapanManajemenResikoBagiLembagaJasaKeuanganNonBank_142
7874307.pdf(POJKMR)
IndonesiaFinancialServicesAuthorityRegulationNumber10/POJK.05/2014onRisk
AssesmentforNonBankFinancialInstitution.
Retrievedfrom
24.
25.
26.
27.
28.
29.
http://www.ojk.go.id/id/regulasi/otoritas-jasa-keuangan/peraturanojk/Documents/POJK102014PenilaianTingkatRisikoLJKNB_1416371813.pdf(POJKRA)
LawNo.40of2014onInsurance
retrievedfrom:
http://www.indolaw.org/UU/Law%20No.%2040%20of%202014%20on%20Insurance.pdf(LAW)
IndonesiaFinancialServicesAuthorityRegulationNumberNo23/POJK.05/2015
on
ProductandMarketingofInsuranceretrievedfrom
http://www.ojk.go.id/id/kanal/iknb/regulasi/asuransi/peraturan-ojk/Pages/POJK-Nomor-23Produk-Asuransi-Pemasaran-Produk-Asuransi.aspx(POJKP)
BadanPenyelenggaraJaminanSosial(2016)http://www.bpjs-kesehatan.go.id/(BPJS)
FatwaMUIretrievedfromhttp://www.slideshare.net/iskandarjet/hasil-ijtima-ulama-komisi-fatwamui-seindonesia-v-bpjs-kesehatan-haji-berulang-hukuman-mati-narkoba-masjid-berdekatandll(MUI)
SetiyawanGunardi,
NurdengDeuraseh,HailaniMujiTahir,SanepAhmad(2013).RetakafulFromSyariahPerspective:
AComparativeStudy,ChineseBusinessReview.Vol.
2Issue9,pp.616-624.Retrievedfrom
http://www.davidpublishing.com/davidpublishing/Upfile/12/19/2013/2013121901605219.pdf.(SG)
IndonesiaFinancialServicesAuthorityRegulationNumberNo14/POJK.05/2015omSelf
RetentionandReinsurance.Retrievedfromhttp://www.ojk.go.id/id/regulasi/otoritas-jasakeuangan/peraturan-ojk/Documents/Pages/POJK-Retensi-Sendiri-dan-Dukungan-ReasuransiDalam-Negeri/POJK%20Retensi%20Sendiri%20-%20FINAL.pdf(POJKRS)
Notes:
*Downloadedviadatabaseatwww.lontar.ui.ac.id
**Book
F. Course Objective
Description
Technical skills
Analytical skills
Goal setting skills
Time management skills
Writing skills
Public speaking skills
Teamwork
Self Confidence
Yes/No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
G. Method of Delivery
Description
Class Discussion
Experimental Learning
Group Inquiry
Guided Teaching
Case Study
Collaborative Learning
Problem-based Learning
Group Project
Independent Project
Tutorials
Labs
Yes/No
Yes
No
No
No
No
Yes
No
Yes
Yes
No
No
H. Grading System
Deskripsi
Quizzes
Participation
Presentation
Written Term Paper(Group) Mid
TermExam
Final Exam
Total
I.
Persentase(%)
15
15
10
15
20
25
100
Attendance
Referring to the faculty regulation, the Program requires students to fulfill a minimum attendance of 80% to
be eligible for the final exam. Thus, students should attend a minimum12 outof 14 lecturing sessions and 10
out of 12tutorial sessions.
J. Class Schedule
No
Main Topic
1 Kebutuhan dan pentingnya asuransi takaful
Apa itu risiko: kebutuhan akan proteksi
a) Apa itu risiko
b) Asuransi dan bekerjasama
c) Tipe risiko
d) Respon terhadap risiko
e) Risiko yang dapat diasuransikan dan risiko diskualifikasi
Reference
AFA
OCF
DSA
SNN
Perspektif Islam terhadap risiko
2
3
4
Hukum asuransi/takaful, regulasi dan fatwa di Indonesia
a) UU no 40 tahun 2014
b) Peraturan Pemerintah, regulasi OJK dan circular letters OJK
c) Fatwa DSN MUI
Asuransi konvensional
a. Latar belakang institusi
b. Milestone dari asuransi konvensional di Indonesia
c. Permasalahan terkait asuaransi konvensional
Komparasi asuransi Syariah dan konvensional
a. Fitur utama asuransi konvensional vs asuransi syariah
b. Mengapa asuransi konvensional dilarang berdasarkan perspektif
syariah: riba, gharar, maysir dan haram
c. Hambatan serta peluang asuransi Syariah
ET
SAOJK
HT1
HT2
HR
MAG Ch. 8.2
MMK
OCF Section
E
MMH
MSS Ch. 7
SA Ch. 2 &
Ch. 3
SJ Ch. 8
SJFI
5
6
7
Model operasional takaful:
a) Model mudharabah
b) Model wakalah
c) Model hybrid
d) Model wakalah mudharabah waqf
e) Model yang banyak dipilih
SJ Ch. 1 &
Ch. 5
ZAM
MSS Ch. 5 &
Ch. 6
Takaful Life/family insurance
a) Tipe kebijakan: whole life policy, endowment policy, group life
assurance policy
b) Fund management mechanism
c) Operational source of fund
d) Risk selection
Takaful non life/general insurance
a) Konsep operasional
b) Prinsip non life insurance
c) Fund management mechanism
d) Risk selection
e) Claim management
Guest Lecture
Bisnis takaful di era digital
a) Inovasi dalam operasional takaful
b) Transformasi digital pada perusahaan takaful
Mid-Test
SA Ch. 11
8
Portfolio investasi usaha takaful
a. Total investasi usaha takaful
b. Shareholder fund
c. General fund
d. Family fund
e. Pengaruh dari pihak terkait terhadap danna partisipasi
investasi takaful
9
Reasuransi
a) Konsep reasuransi
b) Sejarah reasuransi
c) Tujuan dan motif dari reasuransi
d) Metode reasuransi: facultative dan reinsurance agreement
e) Bentuk dari reasuransi: quota share, higher than ability, higher
than a specific limit of loss
Retakaful
a) Sejarah perkembangan reasuransi islam
b) Perbedaan komersial dan Islamic reasuransi
c) Legitimasi asuransi Islam
Solusi Islam terhadap isu reasuransi: adaptasi jurisprudensi,
passing judgement pada reasuransi, hambatan dan batasan
otorisasi asuransi Islam terhadap praktik reasuransi, judgement
Syariah pada financial gains reasuransi
SA Ch. 8
SG
SJ Ch. 6
POJKRS
10 Manajemen risiko takaful
a. Prinsip fundamental dari takaful berdasarkan perspektif
manajemen risiko
b. Risiko pada issue pengelolaan takaful
c. Manajemen risiko pada pengelolaan takaful
d. Peraturan OJK nomer 1/POJK.05/2015 terkait manajemen risiko
pada institusi keuangan non bank
e. Peraturan OJK nomer 10/POJK.05/2014 terkait assessmen risiko
pada institusi keuangan non bank
SA Ch. 9
POJKMR
POJKRA
11
Solvency dan capital adequacy pada takaful
a. Kebutuhan akan solvency
b. Prinsip solvency
c. Pendekatan tradisional pada solvency perusahaan asuransi
SA Ch. 10
SA Ch. 12
12 Rating dan evaluasi kinerja
a. Apa itu credit rating?
b. Tipe credit rating
c. Dasar credit rating
d. Isue utama rating pada perusahaan takaful
13 GCG dan pelaporan keuangaan takagul
a. Corporate governance: stakeholder rights, organizational
structure dan peran serta tanggung jawab sharia supervisory
board
b. Aspek manajemen keuangan islam (rasio keuangan) dan aspek
manajemen teknis dan investasi
c. Peraturan OJK nomer 2/POJK.05/2014 terkait good
governance pada perusahaan asuransi
14 Group Presentation
Final Exam
SA Ch. 13
MSS Ch. 12
POJKG
K. Originality
Students should maintain originality and respect intellectual property rights. Therefore, students should
avoid conducting any act of plagiarism when doing written assignments(if any),which may take a form of
short individual/group paper and/or summary.
The followings are acts of plagiarism:
Copying paragraphs, sentences, a single sentence, or even a significant part of a sentence
directly without enclosing the min quotation marks and appropriately footnoted;
Using and/or developing other's ideas found in printed materials or film elsewhere without
explicitly referencing them to the respective author or the source of the idea.
Plagiarism is a serious infringement of intellectual property rights. Any assignment that contains
presumed plagiarismwill be marked 0 (zero).
Since students are required to write group papers, students should signa Statement of Authorship and
attach it to their papers before paper submission. The form of Statement of Authorship is available at
the Resource Center of the Program. Lecturer(s) and/or tutor(s) will refuse to mark any paper that hasno
signed Statement of Authorship attached.
In addition, students should ask for cover sheet from the Resource Center of the Program for any
assignment submitted.
L. Statement of Authorship
“I/We certify that the attached material is my/our original work. I/We declare that no other person’s work
has been used without due acknowledgement”
Except whereI/We have clearly stated that I/We have used some of material elsewhere, it has not
been presented by me/us for the assignment in any other course or unit at this or any other institution.
I understand hat the work submitted may be reproduced and/or communicated by the University
orthirdpartyauthorizedbytheUniversityforthepurposeofdetectingplagiarism.
Name
Student :
ID
Signature
Subject
Title
Date
Lecturer :
:
:
:
:
:
: