Questions and Answers About Takaful Part 3

Part 1
1. _____________ is plan that equivalent to the Islamic Life Insurance which provides protection
on death, disability, sickness and personal accident.
A Fire Takaful B Liability Takaful
C General Takaful D Family Takaful

2. Long term contract under Family Takaful can be paid either on the following basis except:
A Lifetime B Quarterly
C Monthly D Lump-sum/Single Contribution

3. A portion of contribution under the Tabarru’ fund of a Family Takaful will be segragated and payable during the maturity known as:
A Participant Large Account (PLA) B Participant Special Risk Account (PSA)
C Participant Invesment Account (PIA) D Participant Special Account (PSA)

4. A plan which include group education,medical or retirement provided for any employers, clubs, associations, and socities were called as
A Corporate Family Takaful B Group Family Takaful
C Brotherhood Family Takaful D Individual Family Takaful

5. A Family Takaful product that provide benefits upon death or permanent disability of their
participant were called as
A Employee Benefit B Life & Income Protection
C Saving & Investment D Health & Medical

6. A broad range of benefits that covers any expenses incurred whilst being hospitalize known as
A Health & Medical B Life & Income Protection
C Saving & Invesment D Mortgage & Financing

7. A Family Takaful plan that suit for any participant who wish to cover on outstanding amount of financing in the event of death or disability of the beholder
A Saving & Investment B Health & Medical
C Life & Income Protection D Mortgage & Financing

Answer Key
1. d 2. a 3. c 4. b
5. b 6. a 7. d

Part 2

1. Main regulatory body in Malaysia
A TAKAFUL ACT 1984 B BNM
C IFSA 2013 D IFSB

2. One of the local jurisdictions that provide regulation and supervission for Takaful institution
in Malaysia
A IFSA 2013 B TAKAFUL ACT 1984

3. IFSB stand for….
A Islamic Financial Service Board B Islamic Financial Service Berhad
C Islamic Financial Service Body

4. The objective of Takaful Operator Framework (TOF)
A enhance the operational effeciency of takaful business. B Setting up of subsidiary and branch
officies
C Build healthy funds which are sustainable

5. SAC establised on?
A April 1996 B July 1999
C Jun 1998 D May 1997

6.


A IFSA 2013 B SHARIAH GOVERNANCE FRAMEWORK
C SAC

7. An Act which is amended to strengthen the role of the Shariah Advisory Council (SAC).
A Takaful Act 1984 B Takaful Malaysia Act 1984
C Islamic Banking Act 1983 D Takaful and Banking Act 2013

8. Takaful Act and Islamic Banking Act has been replaced by the comprehensive act in 2013 known as
A Companies Act 2013 B Islamic Financial Services Act 2013
C Financial Services Act 2013 D Takaful and Banking Act 2013

9. What is the name of our current Minister of Finance for the latest year 2020?
A Lim Guan Eng B Mohammad Najib bin Tun Haji Abdul Razak
C Tengku Zafrul bin Tengku Abdul Aziz D Muhyiddin bin Haji Muhammad Yassin

Answer Key
1. b 2. a 3. a 4. c, a
5. d 6. c 7. a 8. b
9. c

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