Introduction to takaful

Introduction to Takaful

Multiple Select

Takaful is derived from the Arabic root-word of “kafala” كفل which means

• to guarantee

• to bail

• to purchase

• to secure one's needs

Open Ended

Takaful (تكافل) is a reciprocal form which means

Poll

Today's modern takaful practice falls under which segment of Islamic finance

• Classical

• Contemporary

• Traditional

Multiple Choice

Historial origin of Takaful can be traced back to

• the custom of blood money

• the system of ‘Aqilah (عاقلة)

Open Ended

The Shariah basis of Takaful is extracted from the

Multiple Choice

The fundamental difference between takaful and conventional insurance lies in the terminology used in both products

• Yes

• No