FAM 0073

BASIC TAKAFUL
NAME :
MATRIC NO. :

QUIZ 1 : 23.10.2018

Direction: Please answer ALL the questions.

1. Briefly explain definition of Takaful?

2. What are the basic principles of Takaful?

3. Explain 3 major prohibited elements in the conventional insurance.

4. Briefly the history of Takaful Industry in Malaysia.

5. Differentiate between Pure Risk vs Speculative Risk.

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 FAM 0073
BASIC TAKAFUL

6. Briefly explain about the As-Sunnah?

7. Briefly explain about 5 elements of Maqasid Syariah?

8. What is Moral Hazard?

9. What is Morale Hazard?

10. Give some example and briefly explain of Takaful system and concept applied

nowadays in Muslim community?

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