Model of Takaful

Modified wakalah is :

• profit and loss sharing

• higher fee for operator

• All return belong to participants

the statement above is about pure wakalah except :

• 100% western compliance

• all return belong to participants

• Operator as muwakkil that get fix fee

• profit and loss sharing

In the hybrid model, what is the Wakalah contract mainly used for?

• Investment of participants’ funds

• Management of takaful operations

• Profit distribution

What happens if the risk fund is in deficit?

• The operator shuts down the scheme

• Participants must pay extra

• The operator gives a Qard Hasan (interest-free loan)

What is the main role of the takaful operator (mudharib) in the Mudharabah Takaful model?

• Bear all participant losses

• Manage funds and investments on behalf of participants

• Set profit rates unilaterally

• Provide loans to takaful participants

Which of the following is the main challenge in implementing Mudharabah Takaful?

• High guaranteed investment returns

• Participants do not have to bear any risk

• Participants' lack of understanding of the contract structure

• Mudharabah Takaful is only offered by conventional companies

Apakah elemen utama yang digabungkan dalam model Wakalah-Waqf dalam sistem takaful?

• Pelaburan konvensional dan insurans hayat

• Pengurusan profesional dan konsep kebajikan Islam

• Pajakan dan pinjaman tanpa faedah

Mengapa sumbangan peserta dalam model Wakalah-Waqf dianggap selaras dengan Maqasid al-Shariah?

• Ia boleh dituntut semula oleh peserta

• Ia memberi keuntungan maksimum kepada operator

• Ia memberi manfaat berterusan kepada masyarakat tanpa pemilikan peribadi