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Chapter 8: Takaful

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

Takaful is a protection plan based on Shariah principles.

a)

True

b)

False

2.

Tabarru’ is a sincere donation granted by one party by not requesting exchanges/consideration from the other party.

a)

True

b)

False

3.

Takaful, an Arabic word meaning "contributor undertake a contract "

a)

True

b)

False

4.

A takaful contract must be based on principles of co-operation, protection and ____________________

a)

istiqomah

b)

mutual responsibility

c)

dakwah

d)

sharing profit

5.

_______ is a speculative transactions that involves excessive risk and supposed to foster uncertainty and fraudulent behaviour which makes the trade similar to gambling

a)

Riba

b)

Aqad

c)

Maisir

d)

Gharar

6.

_______ is a speculative transactions that involves excessive risk and supposed to foster uncertainty and fraudulent behaviour which makes the trade similar to gambling

a)

Riba

b)

Maisir

c)

Non interest

d)

Gharar

7.

Under Mudharabah, Takaful operator become business partner with participants

a)

True

b)

False

8.

This is an agency model that treats the Takaful operator as an agent of the participants

a)

Assistant

b)

Policy owner

c)

Wakala Model

d)

Supplier

9.

There is 3 types of Takaful, that is Family Takaful Business (Islamic life insurance), General Takaful Business and Asset Takaful

a)

True

b)

False

10.

P.A. takaful cover provides 24-hour worldwide coverage

a)

True

b)

False