CASH WAQF FINTECH DIGITAL PLATFORM

What is mean by Cash Waqf?

• A. Food donations to the poor

• B. Donations cash to the waqf to be invested and the proceeds are distributed to the waqf recipients

• C. Interest-free cash loans to Islamic institutions

• D. Donations of money to purchase waqf land only

What are the advantages of Cash Waqf?

• A. Requires land lease

• B. The distribution process is slower because it involves physical assets

• C. Easier to implement because it does not involve physical assets

• D. Can only be implemented by the government

How do digital platforms help implement Cash Waqf?

• A. Provide audit services for waqf

• B. Allow the community to make waqf donations online anytime and anywhere

• C. Require users to physically register at religious offices

• D. Replace the function of waqf institutions entirely

Which of the following statements correctly explains the issue related to the legal framework for digital waqf in Malaysia?

• A. Every state in Malaysia follows one standardized law for managing digital waqf, ensuring equal transparency across all platforms.

• B. Malaysia has a centralized digital waqf system that is fully controlled by the federal government through one national platform.

• C. The absence of a comprehensive legal framework has led to inconsistent digital waqf management by different State Islamic Religious Councils (MAINs).

• D. All State Islamic Religious Councils (MAINs) use the same digital app for collecting and managing waqf donations.

Which of the following statements best describes a major challenge in building public trust in digital cash waqf platforms?

• A. Blockchain is not allowed in Islamic finance, which is why people do not trust digital waqf.

• B. People fully trust digital waqf platforms because blockchain guarantees security.

• C. Lack of transparency and public uncertainty about Shariah compliance reduces trust in digital waqf platforms.

• D. Most donors prefer digital waqf platforms because they always provide detailed reports about fund usage

How has technology improved participation in digital cash waqf?

• A. It limits waqf donations to local donors only for better tracking.

• B. It makes it harder for younger generations to engage due to complex interfaces.

• C. It allows a wider range of people, including global donors and younger generations, to participate easily.

• D. It replaces the need for all forms of waqf institutions

What is the biggest global trade strait in the world?

• Hormuz strait

• Suez Canal

• Straits of Malacca

• Strait of Magellan

All of the following are benefits of integrating FinTech into cash waqf management EXCEPT:

• A. Enhanced transparency and accountability

• B. Real-time access to donation tracking

• C. Increased reliance on manual record-keeping

• D. Use of smart contracts for project-specific waqf

2. Digital cash waqf platforms help overcome traditional challenges in waqf administration in all the following ways EXCEPT:

• A. Eliminating the need for ethical governance

• B. Expanding donor reach through online access

• C. Reducing operational costs via automation

• D. Facilitating donations without geographic limitations

What the value of π

• 3.1415926657

• 3.1415920985

• 3.1415926535

• 3.1415909826