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WorksheetsChapter 8: Takaful
Total questions: 10
Worksheet time: 3mins
Takaful is a protection plan based on Shariah principles.
True
False
Tabarru’ is a sincere donation granted by one party by not requesting exchanges/consideration from the other party.
True
False
Takaful, an Arabic word meaning "contributor undertake a contract "
True
False
A takaful contract must be based on principles of co-operation, protection and ____________________
istiqomah
mutual responsibility
dakwah
sharing profit
_______ is a speculative transactions that involves excessive risk and supposed to foster uncertainty and fraudulent behaviour which makes the trade similar to gambling
Riba
Aqad
Maisir
Gharar
_______ is a speculative transactions that involves excessive risk and supposed to foster uncertainty and fraudulent behaviour which makes the trade similar to gambling
Riba
Maisir
Non interest
Gharar
Under Mudharabah, Takaful operator become business partner with participants
True
False
This is an agency model that treats the Takaful operator as an agent of the participants
Assistant
Policy owner
Wakala Model
Supplier
There is 3 types of Takaful, that is Family Takaful Business (Islamic life insurance), General Takaful Business and Asset Takaful
True
False
P.A. takaful cover provides 24-hour worldwide coverage
True
False
