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WorksheetsREVISION FOR FINAL EXAM
Total questions: 20
Worksheet time: 26mins
An investment made by an individual falls under (a) risk.
The possibility of lost income or assets because of the loss of the ability to earn income refers to (a) .
It is a custom among Arab society whereby whenever one member of a family of a tribe kills a person from another tribe, the killer’s family, particularly a male, will donate money to the deceased’s family, this refers to (a) .
Driving a car within the specified speed limit is an example of risk (a) .
This is a type of charity which does not subject to any conditions, and it may be given at any time, in any amount refers to _____________________.
zakat
Zakat only can be given to _____________________.
anyone
asnaf
The quality of assets that are subjected to zakat is that it must have (a) potential.
The two main types of zakat are zakat fitrah and zakat __________________.
income
Wasiyyah can only be given up to (a) of the estate while the remaining must be distributed to legal heirs.
When the testator is a person who is not that wealthy and have lots of inheritors that need the estate the ruling falls as
(a)
What are the documents needed for an executor or administrator to manage the deceased's estate?
Who are not eligible to receive faraid portion?
Which one is the most suitable method of estate planning if a person wants to give an estate to his step mother?
Explain how the risk avoidance happen.
Why is gharar exists in insurance?
The following are the concepts use in Takaful except
Mudharabah
Musharakah
wakalah
kafalah
Anyone can pay zakat..
YES
NO
An act of giving away one’s property with the immediate effect of transfer of ownership without any return, refers to
matrimonial assets
wasiyyah
hibah
faraid
All types of risk can be covered by Takaful.
Yes
No
The categories of ashab al furud is
germane, consanguine, uterina
asabah
primary, secondary, substitute
