TAKAFUL AIFT

Regarding on Issues bulletin 1, what is the Issue arise regarding to the definition of Takaful?

• The applicability of MFRS17 to Takaful

• The applicability of MFRS4 to Insurance

• Columnar Presentation of Takaful Funds

When will MFRS17 take over MFRS14 for the takaful contracts?

• 12 January 2023

• 1 June 2023

• 19 July 2022

• 1 January 2023

What is the meaning of Tabarru'?

• debt

• contract

• donation

• agency

Below are the types of takaful models except for:

• Hybrid Model

• Murabahah Model

• Wakalah Model

• Waqf Model

The information below is about the responsibilities of takaful operator except for..

• Claim management

• Retakaful of takaful risks

• Contribute a sum of money into a common fund

• Valuation of liabilities.

Provided for any employers, club, associations and socities were called as:

• Individual family takaful

• Brotherhood takaful

• Corporate family takaful

• Group family takaful

How many columns in Option 1?

• 1

• 2

• 3

What is the MFRS treatment for Qard under takaful operation perspective?

• MFRS 17

• MFRS 15

• MFRS 9

• MFRS  16