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- 1. Multiple Choice
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
- 2. Multiple Choice
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
- 3. Multiple Choice
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
- 4. Multiple Choice
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
- 5. Multiple Choice
The Takaful fund belong to ...
Agent
Insurance Company
Participant
Takaful Operator
- 6. Multiple Choice
The profit is shared between ...
Takaful Operator and Agent
Participant and Agent
Participant only
Participant and Takaful Operator
- 7. Multiple Choice
Claim will be payable based on concept ...
Ta'awun
Wakalah
Mudharabah
Hibah
- 8. Multiple Choice
Paid contribution is treated as ...
Takaful
Ta'awun
Tabarru'
Mudharabah
- 9. Multiple Choice
The Indemnity is provided by the ...
Hibah
Underwriting Surplus
Takaful Fund
Takaful Operator
- 10. Multiple Choice
Takaful is risk ...
Risk Tolerance
Risk Management
Risk Transfer
Risk Sharing
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