Takaful Knowledge

Takaful Knowledge

University

11 Qs

quiz-placeholder

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Takaful Knowledge

Takaful Knowledge

Assessment

Quiz

Education, Other

University

Medium

Created by

Takaful Ikhlas

Used 97+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which definition is the most accurate about takaful?

A system based on mutual co-operation, responsibility, assurance, protection and assistance between groups of participants.

A contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses.

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which one is the main regulatory body of Takaful?

Media Image
Media Image
Media Image
Media Image

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What are the main sources of Takaful Law?

IFSA 2013

Takaful Act 1984

TOF 2019

Al-Quran and As-Sunnah

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

There is a similarity between Takaful and Conventional Insurance. Choose the correct one.

Transfer of risk

Based on mutual cooperation

Provide protection in the event of unforeseen events and

contributions must be made to start the coverage

Claims paid from participants’ fund

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

All these elements include in conventional insurance except

Al-Gharar

Hibah

Riba’

Al-Maysir

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

There are four types of takaful business models. All of them are the types of takaful business models, except

Wakalah

Hybrid

Mudharabah

Cooperative

Tawarru’

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

· Provide short-term mutual financial assistant

· Contribution usually paid on annual basis

· Contribution is wholly on the basis of Tabarru’


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