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WorksheetsISLAMIC FINANCIAL INSTITUTION
Total questions: 10
Worksheet time: 5mins
What is the product which currently offered by the Islamic bank that using leasing contract?
Ar Rahn
Al Wadiah
Al Bay' Bithamin Ajil
Al Ijarah Thumma Al Bai'
What is the meaning of al-luqatah?
Property had been left out since the era of Jahiliyyah
Property with the unknown owner
Property donated by a person for welfare purpose
Property derives from wars and inheritance properties
What is meaning of tabbaru’ in takaful?
The insurer needs to compensate a certain amount of money to the insured.
An insurance contract is a contract of exchange there exists compensation awarded with the premium payment at the same time
A contract where the results are not known or hidden, or one of the two possibilities where the frequent occurrence is the one that is more feared
A form of sincere donation that is given by one party with the intention of helping others to bear monetary losses and misfortunes that may entail
The following are Islamic concepts used for ar-Rahn EXCEPT
al-ujrah
musyarakah
qardhulhasan
wadiah yad-amanah
The following are eligible to receive zakat in Malaysia EXCEPT
single mother who worked
low income people below the poverty line
people who have no or disabled and prevented from working
orphans and have not attained the age of 18 years and no income
What are the concepts used in the contract of takaful?
Mudarabah and musyarakah
Murabahah and musyarakah
Musyarakah and wakalah
Mudarabah and wakalah
General sources of Baitulmal Malaysia are
al-luqatah, waqf , nazar, kafarah payment and wassiyah
al-luqatah, waqf , al-fay’, kafarah payment and wassiyah
kharaj, jizyah, waqf , nazar, kafarah payment and wassiyah
ushur, al-fay’, waqf , nazar, kafarah payment and wassiyah
The function of ar-rahn is to
give loan and the mortgagor required to pay the debt together with the interest
provide loans to people that the shortage of funds and intended to get maximum profit
enable people pledge their property and sell it if they cannot afford to pay the debt and all money will be taken by the mortgagee
secures the jewellery and would be auctioned off if mortgagor cannot pay the debt, if there is any balance will be refunded
What is the benefit of family takaful plan?
Provide financial protection if you are diagnosed with a critical illness.
Cover the vehicle against loss or damage as well as third party legal liabilities.
Protect for losses to property such as buildings, contents, machinery as well as stock.
Protect the home from loss or damage caused by any of the fire or earthquake.
The following are principle of takaful EXCEPT
mutual protect any inconvenience
mutual cooperate or assist
mutual guarantee the profit
mutual protect any inconvenience
