takaful-ifrs17

What problem does it solve?

takaful operations require compliant IFRS 17 reporting and Shariah-aligned fund accounting, including separate operator and Participants' Fund books and qard hasan obligations.

Core Features & Use Cases

• IFRS 17 measurement models: PAA for short-term contracts and GMM for long-term family takaful, with a clear delineation of cash flows, risk adjustment, and CSM.
• Wakala and Mudaraba revenue recognition and fund accounting, including operator income, participants' fund statements, and investment income treatment.
• Qard Hasan provisioning and IAS 37 considerations, including contingent liabilities and impairment assessments on qard receivable.
• Mandatory disclosures automation aligned with IFRS 17 and AAOIFI Shariah, covering model choice, reconciliations, and fund statements.

Quick Start

Describe a takaful operator scenario and I will apply IFRS 17 measurement models, Wakala fees, and Qard provisioning to generate the required journals.