Learning Standards for the Takaful Industry: A Quick Reference Guide
A Quick Reference Guide THE LAUNCHING OF FAA LEARNING STANDARDS (FLS) FOR TAKAFUL MARKS A SIGNIFICANT MILESTONE IN THE ATTEMPT TO FURTHER PROFESSIONALISE THE PROFESSION AND TO STRENGTHEN THE HUMAN BASE OF THIS SECTOR.
Developed by Finance Accreditation Agency (FAA) as a result of extensive research and based on industry best practices, the FLS describes a set of expectations for training providers and Takaful practitioners in terms of effective professional learning. The FLS guides the learning, facilitation, implementation and evaluation/accreditation of professional learning. As such, it brings tangible benefits to Takaful operators in terms of strengthening the human capital base. The development of FLS for Takaful is viewed as timely amidst the resilient growth of this sector which continuously calls for skilled talent to sustain its evolvement. The increasing strain on getting Takaful professionals with the requisite qualifications has been widely acknowledged. Hence, the competition for top performing Takaful talents remains strong. This suggests the need for Takaful operators to reassess their talent pool and adopt new learning and development strategies not only to sustain but to attract skilled talents to this sector.