INTRODUCING

Dr Kartina Md Ariffin

Country of Origin
Malaysia

Qualification
PhD in Islamic Banking and Finance from the International Islamic University Malaysia (IIUM)

Email
[email protected]

Phone Number
+603 7651 4045

A Brief Introduction

Dr Kartina Md Ariffin is a Teaching Fellow at INCEIF University with over 27 years of experience in the Takaful industry, spanning academia, regulation, standard-setting, consultancy and industry practice.

Prior to joining INCEIF on 3 August 2026, she served as Subject Matter Expert for Takaful at the Islamic Banking and Finance Institute Malaysia (IBFIM) for nine years. In this role, she was responsible for developing Takaful-related learning content and syllabus, as well as delivering professional training programmes to practitioners across the local and international Takaful industry.

Before joining IBFIM, Dr Kartina spent eight years with the Islamic Financial Services Board (IFSB) as a Principal Specialist, where she managed working groups responsible for developing international prudential standards for the Islamic financial services industry. She contributed significantly to the development of the IFSB prudential framework for Takaful and supported the implementation of these standards through capacity-building programmes for regulators, supervisors and industry practitioners worldwide.

Her regulatory and technical assistance experience includes engagements with IFSB member jurisdictions such as Morocco and Tajikistan, while her earlier industry experience includes roles with Etiqa Insurance & Takaful and Syarikat Takaful Malaysia Berhad, covering corporate planning, organisational restructuring, business process improvement, Takaful model enhancement and Family Takaful product development.

Dr Kartina holds a PhD in Islamic Banking and Finance from the International Islamic University Malaysia (IIUM), where her doctoral research focused on developing a sustainable microtakaful model for the B40 community in Malaysia. She also holds a Master’s in Islamic Finance from INCEIF and a Bachelor of Business Administration in Actuarial Science from the University of Wisconsin–Madison, USA.

Publications

Journal Articles

Md Ariffin, K., Kassim, S., & Redzuan, N. H. (2023). Waqf microtakaful: Practical implications and viability assessment in the context of takaful industry in Malaysia. Journal of Islamic Finance, 12(1), 48–58.
https://journals.iium.edu.my/iiibfjournal/index.php/jif/article/view/746

Book Chapters / Conference Publications

Md Ariffin, K., Kassim, S., Redzuan, N. H., & Habeebullah, Z. (2023). Improving microtakaful offering collaboration: Critical analysis using systematic literature review. In N. Mansour & L. M. Bujosa Vadell (Eds.), Islamic Sustainable Finance, Law and Innovation (pp. 219–230). Springer.
https://doi.org/10.1007/978-3-031-27860-0_20
Md Ariffin, K., Kassim, S., Redzuan, N. H., & Habeebullah, Z. (2023). Importance of Financial Literacy and Awareness in Microtakaful: Implications for Industry Stakeholders. E-Proceedings of the 3rd International Conference on Islamic Economics 2024 (ICONIE 2024).
Salleh, N., Kassim, S., Muhammad, N. M., Mohd Yusoff, S. S., Mahadi, N. F., & Md Ariffin, K. (2023). Application of Blockchain Technology in the Management of Waqf Institutions: Concepts, Challenges and Recommendations. Proceedings of the 2023 IEEE International Conference on Computing (ICOCO).
Kassim, S., Muhammad, N. M., Md Ariffin, K., Mahadi, N. F., Mohd Yusoff, S. S., & Salleh, N. AI in Business: Opportunities and Limitations. Studies in Systems, Decision and Control, Vol. 515, Springer, pp. 427–435.
https://doi.org/10.1007/978-3-031-48479-7_36

Research Grant

Microtakaful for Elderly in the B40: Proposing a Ta’awun-Based Framework Incorporating Islamic Social Finance

Principal Investigator: Prof Dr Salina Kassim
Research Grant: Etiqa Takaful Research Grant
Grant Value: RM50,000

Industry & Regulatory Experience

Subject Matter Expert for Takaful, IBFIM Principal Specialist, Islamic Financial Services Board Etiqa Insurance & Takaful Syarikat Takaful Malaysia Berhad

International Regulatory & Technical Assistance

Autorité de Contrôle des Assurances et de la Prévoyance Sociale (ACAPS), Morocco National Bank of Tajikistan

Selected International Takaful Standards Developed / Contributed To

IFSB-20 – Key Elements in the Supervisory Review Process of Takaful / Retakaful Undertakings
IFSB-18 – Guiding Principles for Retakaful (Islamic Reinsurance)
IFSB-14 – Standard on Risk Management for Takaful (Islamic Insurance) Undertakings
IFSB-11 – Standard on Solvency Requirements for Takaful (Islamic Insurance) Undertakings
IFSB-8 – Guiding Principles on Governance for Takaful (Islamic Insurance) Undertakings
GN-5 – Guidance Note on the Recognition of Ratings by External Credit Assessment Institutions (ECAIs) on Takaful and Retakaful Undertakings

Engagements in Conferences and Seminars

“The Landscape of the Takaful Industry in Malaysia and the Way Forward”
ICIFE’s Roundtable Discussion Series (IRDS), 11 September 2026, INCEIF, Kuala Lumpur.
“Takaful: Key Concepts and Structure”
Takaful Seminar, 18 June 2026, National Bank of Tajikistan, Republic of Tajikistan.
“Navigating Regulatory Reform and Healthcare Structural Shift”
Insurance and Takaful Sector Transformation, April 2026, BIMB Securities.
“Rationale and Regulatory Basis of Microtakaful Market Development”
Microtakaful Conference Indonesia, 24 April 2014, Jakarta, Indonesia.
“Regulatory Priorities to Sustain a Successful Takaful Industry”
8th Asia Takaful Conference, 20 May 2013, Marina Mandarin, Singapore.
“Panel Discussion: Regulatory Framework for Takaful”
Mutual Insurance and Takaful in a Changing World, 12–13 November 2012, Istanbul, Türkiye.
“Roundtable on IFSB-11: Standard on Solvency Requirements for Takaful Undertakings”
ICMIF Takaful Network Seminar, 21–23 November 2011, Colombo, Sri Lanka.
“Overview of Solvency in Takaful Undertakings”
5th Asia Takaful Conference, 9–10 March 2010, Novotel Clarke Quay, Singapore.