WorksheetsConcept of Family Takaful
Total questions: 10
Worksheet time: 5mins
What is Takaful?
The amount of donation that the Participants / Person Covered willingly relinquish
A scheme based on brotherhood, solidarity, and mutual assistance
A concept of mutual help among participants
A transfer of ownership of an asset from a donor to a recipient without any consideration
What is Ta'awun?
The amount of donation that the Participants / Person Covered willingly relinquish
A scheme based on brotherhood, solidarity, and mutual assistance
A concept of mutual help among participants
A transfer of ownership of an asset from a donor to a recipient without any consideration
What is Tabarru'?
The amount of donation that the Participants / Person Covered willingly relinquish
A scheme based on brotherhood, solidarity, and mutual assistance
A concept of mutual help among participants
A transfer of ownership of an asset from a donor to a recipient without any consideration
What is Qard?
The amount of donation that the Participants / Person Covered willingly relinquish
A scheme based on brotherhood, solidarity, and mutual assistance
A concept of mutual help among participants
An interest-free loan provided by GETB’s Operator fund in the event of deficit in the Tabarru’ Fund
The Takaful fund belong to ...
Agent
Insurance Company
Participant
Takaful Operator
The profit is shared between ...
Takaful Operator and Agent
Participant and Agent
Participant only
Participant and Takaful Operator
Claim will be payable based on concept ...
Ta'awun
Wakalah
Mudharabah
Hibah
Paid contribution is treated as ...
Takaful
Ta'awun
Tabarru'
Mudharabah
The Indemnity is provided by the ...
Hibah
Underwriting Surplus
Takaful Fund
Takaful Operator
Takaful is risk ...
Risk Tolerance
Risk Management
Risk Transfer
Risk Sharing
