1. www.solidarity.cc Wrap Up Session for ICMIF Takaful Network Seminar

2. www.solidarity.cc Wrap Up Session for ICMIF Takaful Network Seminar Key Points Arising 1.CBB Views  Corporate Governance  Policy holders Rights  Accounting Standards & Disclosures  Qard Hassan reporting / disclosures  HR challenges  Development of Islamic instruments market for investment diversity  Re Takaful Capacity & utilization  Risk Management framework development  Micro Takaful  Raising awareness

3. www.solidarity.cc 2.Growth Prospects  Overviews of business numbers and potentials  Risk Radar concept 3.Mutuals  What can we learn from Mutuals?  Customers Participation & Focus Market Info  Sri Lanka and Bangladesh Wrap Up Session for ICMIF Takaful Network Seminar

4. www.solidarity.cc 5.Ethical Positioning  Meeting the promise  Setting Standards  Corporate Social Responsibility Balancing Shareholders Expectations and Policyholder rights 7.Surplus Distribution should not be the prime objective  Protection and solidarity should drive the business 8.Corporate Governance  Corporate Governance nowadays deals with all stakeholders interests not just the role of directors and Shareholders  IFSB Exposure draft Document to be responded to by 15 / 5 / 2009  Conflicts of interest between shareholders and policyholders funds from : Wrap Up Session for ICMIF Takaful Network Seminar

5. www.solidarity.cc Wakala Fees Reserves Competitive Forces Investments Deficits Reasons for Qard Hassan and income on those funds 9.Re Takaful  Sufficient Re Takaful capacity now exists  Is Re Takaful “Risk Transfer” or “Risk Sharing “?  Statistics and Comparisons by market and Re Takaful Companies  Beyond capacity what facility can be provided?  Capability to “Lead “  No Retro Takaful capacity as yet – need for pools or syndicates. Wrap Up Session for ICMIF Takaful Network Seminar