TUTORIAL CHAPTER 5 PIB3023

NAME

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SECTION

• AF.5.51
• AF.5.52
• AF.5.53

Riba is a prohibited element in Takaful.

• TRUE
• FALSE

Takaful is practised by the Muhajirin of Mecca and the Ansar of Medina.

• TRUE
• FALSE

There are four contracts between participants and takaful operators.

• TRUE
• FALSE

In the mudarabah model, the Shariah committee refuses the sharing ratio.

• TRUE
• FALSE

Kafala is the Arabic root word of takaful.

• TRUE
• FALSE

There are two parties involved in takaful policy which are the participant and the takaful operator.

• TRUE
• FALSE

There are four aspects of mutuality embodied in Takaful.

• TRUE
• FALSE