ACC 4193 - QUIZ 2 - TABUNG HAJI & TAKAFUL

_________________ is an Islamic institution that continuously strives to provide various facilities which are comprehensive and systematic for the welfare of Malaysian Hajj Pilgrims.

• Lembaga Tabung Haji

• Zakat Insitution

• Waqf Institution

• Baytul Mal Institution

The first Islamic Financial Institution in Malaysia is _______________, 30 September 1963.

• Lembaga Urusan Tabung Haji

• Pusat Zakat Selangor

• Jabatan Agama Kemajuan Islam Malaysia (JAKIM)

• Bank Negara Malaysia (BNM)

Lembaga Tabung Haji is a statutory body governed by the ___________________.

• Tabung Haji Act 2000

• Tabung Haji Act 1990

• Tabung Haji Act 1993

• Tabung Haji Act 1995

TH has about nine million depositors and 123 branches with over 10,000 touchpoints nationwide. TH also operates an office in ______________ under the purview of the Malaysian Consulate.

• Yemen

• Jeddah, Kingdom of Saudi Arabia

• Qatar

• Mecca

Muslims were reluctant to use conventional banking for their hajj savings because they wanted to ensure that their hajj savings were free from ___________ in order to attain a Mabrur Hajj.

• Dividend

• Riba (usury)

• Deposit

• Zakat

The financial statements of the Group and of TH have been prepared in accordance with _______________, International Financial Reporting Standards ("IFRS"), and the requirements of the TH Act.

• Malaysian Private Entities Reporting Standard (MPERS)

• Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)

• Malaysia Accounting Standard Board (MASB)

• Malaysia Financial Reporting Standard (MFRS)

The following are the components of financial statements of Tabung Haji, EXCEPT:

• Drawing

• Assets

• Depositors' Saving Fund

• Distribution of Profit to Depositors

In December 1959, Royal. Professor YM Ungku Abdul Aziz bin Ungku Abdul Hamid has proposed on the set up of ____________________.

• Waqf Institution

• Zakat Institution

• Prospective Hajj Pilgrims Savings Corporation (Perbadanan Wang Simpanan Bakal-bakal Haji (PWSBH))

• Lembaga Tabung Haji

________________ refers to a contract whereby a party, as principal (muwakkil) authorises another party as his agent (wakil) to perform a particular task on matters that may be delegated, with or without imposition of a fee.

• Zakat

• Baytul Mal

• Waqf

• Wakalah

______________ is simply an insurance conducted in line with Islamic principles.

• Waqf

• Takaful

• Zakat

• Baytul Mal