PART LEVEL OF NO QUESTION REMARKS

DIFFICULTY

C1 Elementary 1 What is the purpose of the portion that is apportioned to the

Participants’ Special Account?

A. Will be used to pay the commission to the Takaful agent.

B. Will be used to fulfill the obligation of mutual help,
should any of the participants face a misfortune
arising from death or permanent disability.
C. Will be used to fund for Takaful operator’s operation.
D. Will be used as contingency fund.

C1 Elementary 2 For family takaful, permissible interest needs to exist only at:

A. The time of claim.

B. The time of surrender.
C. The time of inception of the takaful protection.
D. The time of changing the beneficiary.

C1 Elementary 3 The risks covered by family takaful include the following, EXCEPT:

A. Old age
B. Premature death
C. Financial loss
D. Total permanent disability

C1 Moderate 4 The features of family takaful plan are as follows EXCEPT:

A. Contribution payment is entitled for personal tax relief.

B. Sharing of surplus with takaful operator.
C. There is facility to get cash from the part withdrawal.
D. Takaful operator will indemnify for the loss of
personal property.

C1 Moderate 5 Family Takaful contribution is calculated based on many

factors. Principal amongst these factors are:

I. Mortality
II. Expenses
III. Rate of investment returns
IV. Tax

A. I and II
B. I and III 1|Page
C. II and IV
D. All of the above

C1 Moderate 6 The following are types of ordinary family takaful EXCEPT:

C2 A. Investment-linked