Takaful

Quiz
•
Social Studies
•
University
•
Medium
Hanin Izzat
Used 21+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which definition is the most accurate about takaful?
A system based on mutual co-operation, responsibility, assurance, protection and assistance between groups of participants.
A contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses.
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which one is the main regulatory body of Takaful?
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
There is a similarity between Takaful and Conventional Insurance. Choose the correct one.
Transfer of risk
Based on mutual cooperation
Provide protection in the event of unforeseen events and
contributions must be made to start the coverage
Claims paid from participants’ fund
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
All these elements include in conventional insurance except
Al-Gharar
Hibah
Riba’
Al-Maysir
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which definition is correct for Family takaful?
A long-term saving and investment instrument which provide a mutual guarantee of financial assistance to participants in the event of death to the participant or any defined misfortunes
Contract of joint guarantee, short term (usually covers a period of one year) in the event of material loss/damage/bodily injury consequent upon the happening of a peril, inflicted upon properties, material belongings or mankind
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
· Syariah Advisory Council (SAC)
· Based On Mutual Co-Operation and Tabarruʼ
· Profit Will Be Shared Among Operator (Company) And Participant on Mudharabah Basis or Performance Investment Fee
These features refer to
Conventional Insurance
Takaful
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main principle behind takaful?
Individual financial protection
Mutual cooperation and assistance
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