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Momodou Musa Joof

Managing Director/CEO, Jaiz Takaful Insurance, Nigeria

Momodou Musa Joof

Managing Director/CEO
Jaiz Takaful Insurance, Nigeria

Biography

Momodou Musa Joof is simply a household name inthe West African insurance industry, having worked at various levelsfor over 28 yearsand made significant contributionsto its development. Prior to joining Jaiz Takaful Insurance Plc, Nigeriain 2016 as the Managing Director/Chief Executive Officer, he had been pioneer MD/Chief Executive Officer of the Takaful Gambia Ltd., which he founded as the first Takaful Company in West Africa. Momodou established the Takaful window for Phoenix Assurance of Zambia as Chief Operations Officer after he had worked for the Gambia based insurance companies including Senegambia Insurance, Gamstar and Great Alliance Insurance Company Limited, all at managerial levelsbetween 1992 and 1993.

Momodouholds a Master’s Degree in Management from the International Islamic University of Malaysia, which he baggedin 2005 after successfully completing an impressive dissertation on Takaful Titled “A Proposed Model for Islamic Insurance (Takaful) inthe Gambia.”In addition to the higher degree, he is a 1991 Diploma in Insurance Underwriting holder from West African Insurance Institute, Monrovia, Liberia.Earlier in life, young Momodou was a pupil of Farafenni Primary School, Saint Peter’s High School and Gambia Technical Training School, all in the Gambia.

As an enthusiastic professional, he went through rigorous technical trainingson Takaful Insurance in Takaful Malaysia and Alhuda Center of Islamic Banking and Economics, Pakistan where he obtained a Certified Takaful Professional Diploma.

His high technical skills in conventional insurance practices were acquired from such rated avenues like State Insurance Corporation of Ghana (1993), Management Development Institute, the Gambia (1998), African Information Technology, Nairobi, Kenya (1998), American International Insurance Company, Nigeria (1999), Leadway Assurance, Nigeria (1999), Africa Reinsurance Corporation, Nigeria (1999) and University of California, Riverside University Extension, USA (2000).

He has held various positions in several professional bodies and institutes including as a Treasurer (Insurance Association of the Gambia), Board Member (British Education Agency – Gambia), Vice President (ECOWAS Brown Card), President (International Islamic University Alumni-Gambia Chapter), visiting Lecturer (West African Insurance Institute) and the Chairman (Gambia Medical Underwriters Committee).

Mr. Momodou continues to share his experiences and expertise within the West African sub-region by traveling to attend workshops and seminars on Islamic Finance and granting attachment practical training to people from the various countries. He has also participated as a speaker on International Takaful fora including the International Takaful Forum (London 2012) and World Takaful Conference (Dubai 2013).

For his demonstrated formidable passion for the development of Islamic Finance and Takaful (Islamic Insurance) in particular, Mr. Momodou was awarded the Best Takaful Contributor at the 2016 Global Islamic Finance Forum held in Nairobi, Kenya.

Momodou, a Senior Member of the Chartered Insurance Institute of Nigeria (2017), was conferred with a Fellow by the Institute of Islamic Finance Professionals of Nigeria in 2017. He was bestowed with the African Leader Par Excellence Award and the Title Accolade Ambassador in 2017 making him to be recognized and his name registered in the Compendium of Distinguished Role Models in Nigeria (as per the Nigerians Role Models book Vol 2 P.40).Again in March, 2018 Momodou Musa Joof was bestowed the Award of Excellence for Promoting the Takaful Industry in Africa.

 

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