Takaful Basic Exam: An Introduction
TBE is an entry qualification for all those who intend to be a registered takaful agent in the financial services industry promoting takaful products and services.
Introduction to Takaful Basic Exam
TBE is an entry qualification for all those who intend to be a registered takaful agent in the financial services industry promoting takaful products and services.
It is a compulsory qualification to enhance the competency and professionalism of takaful agents.
- Are governed by the Code of Ethics for Takaful Intermediaries drawn up by Malaysian Takaful Association (MTA);
- Besides, agents are required to pass the TBE and complete a minimum of 20 hours training per year for Continuous Professional Development (CPD); and
- Agents must comply with the minimum standards of disclosure requirements issued by Bank Negara Malaysia which, among others, require agents at the point of sale, to explain to potential customers on the main features of the product being marketed, details of commissions paid, and procedures on claims and complaints.
- Are governed by the Code of Ethics for Takaful Intermediaries drawn up by Malaysian Takaful Association (MTA);
- Are required to pass the TBE and complete a minimum of 30 hours training per year for Continuous Professional Development (CPD); and
- Agents are required to adhere to the minimum standards for proper advice issued by Bank Negara Malaysia which requires agents to obtain adequate information about potential customers. This will enable an agent to analyze a potential customer’s personal and financial circumstances and identify his financial needs and priorities so that a suitable and affordable takaful product can be recommended.
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