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  • Quiz 2

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    Lyna Mahadi
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    This document contains an exam quiz with multiple questions about Islamic legal and financial concepts. It asks students to explain two important rules for making a will, describe the operation of a trust fund program introduced by a Malaysian investment firm, analyze differences between short-term and long-term gifts in a will, compare three differences between charitable endowments and donations, explain three features of endowments implemented by Malaysian states, and describe formal and informal ways of establishing an endowment. The quiz covers topics like wills, trusts, gifts, charitable giving, and endowments.

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    QUIZ 2_

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    This document contains an exam quiz with multiple questions about Islamic legal and financial concepts. It asks students to explain two important rules for making a will, describe the operation of a trust fund program introduced by a Malaysian investment firm, analyze differences between short-term and long-term gifts in a will, compare three differences between charitable endowments and donations, explain three features of endowments implemented by Malaysian states, and describe formal and informal ways of establishing an endowment. The quiz covers topics like wills, trusts, gifts, charitable giving, and endowments.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    0 views1 page

    Quiz 2

    Uploaded by

    Lyna Mahadi
    This document contains an exam quiz with multiple questions about Islamic legal and financial concepts. It asks students to explain two important rules for making a will, describe the operation of a trust fund program introduced by a Malaysian investment firm, analyze differences between short-term and long-term gifts in a will, compare three differences between charitable endowments and donations, explain three features of endowments implemented by Malaysian states, and describe formal and informal ways of establishing an endowment. The quiz covers topics like wills, trusts, gifts, charitable giving, and endowments.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    QUIZ 2

    a) Explain TWO (2) important rules in making Wasiyyah.


    (4 marks)

    b) In 2013, Permodalan Nasional Berhad (PNB) has introduced the concept of Hibah
    Amanah (Trust Hibah) to its members. Describe the operation of PNB’s Hibah
    Amanah.

    (6 marks)

    c) Analyse the differences between ‘Umra and Ruqba on the hibah asset.
    (4 marks)

    (d) Analyse THREE (3) differences between Waqf and Sadaqah.


    (6 marks)

    (e) Explain in brief THREE (3) features of Waqf as implemented by the states in
    Malaysia.

    (6 marks)

    (f) Describe on how Waqf can be implemented formally and informally.

    (4 marks)

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