Since 1996, over 85 students from Bahrain, Cyprus, Egypt, Jordan, Kuwait, Lebanon, Malta, Oman, Russia, Saudi Arabia, Sudan, Syria, Turkey and Yemen have attended the actuarial program. More than twenty nine lecturers from Canada, Cyprus, Egypt, Lebanon, Poland, Switzerland, UK, and the United States provided participants with academic as well as practical knowledge in the subjects related to different Actuarial Techniques.

The current program consists of an introductory 4-week residential actuarial teaching phase, followed by a 9-month distance learning phase in which participants work on provided assignments and prepare for the second 4-week residential review and examinations phase. Successful participants will receive a Diploma in Actuarial Science, presented jointly by the Muhanna Foundation and the UK Institute of Actuaries. This is not a full qualification as an actuary but it is a valuable first stage, providing a foundation on which students can build by taking the professional examinations of the Faculty and Institute of Actuaries (UK) or the Society of Actuaries (USA).