Steps for the Establishment of 'Takaful Operation'

The establishment of any "Takaful Operation" in any Jurisdiction, the following steps may be followed:

Pre-licensing Steps:
1. Project paper.
2. Funding (Confirmation).
3. Project Plan.
4. Training Manual (to train a management team before the license is obtained).
5. Policies & Guidelines (Shari'ah Standard of Takaful).
6. Corporate Manual.
7. Workshop (to train the management team).
8. National Conference (for Public awareness).

Post-licensing Steps:
1. System (Software).
2. Forms & Procedures.
3. Website.
4. Marketing Plan
5.  Business Plan (5 years).
6. Products.
7. Office.
8. Recruitment.
9. Launching.
10. Commencement of Operation.