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IBF- Topic #11 Takaful Questions and Answers 100% Correct
IBF- Topic #11 Takaful Questions and Answers 100% Correct 3 Concepts of Insurance - Correct Answer ️️ -1- transfer of risk from individuals to insurance operator. 2- Ensure against pure risk only, not speculative risk. 3- Insurance as business, with profit maximization objectives. 4 Reasons why conventional insurance is not shari'ah compliance - Correct Answer ️️ -1- Element of Riba. 2- Element of Gambling. 3- Element of Uncertainty. 4- Gharar in modern day financial transactions...
- Exam (elaborations)
- • 3 pages •
IBF- Topic #11 Takaful Questions and Answers 100% Correct 3 Concepts of Insurance - Correct Answer ️️ -1- transfer of risk from individuals to insurance operator. 2- Ensure against pure risk only, not speculative risk. 3- Insurance as business, with profit maximization objectives. 4 Reasons why conventional insurance is not shari'ah compliance - Correct Answer ️️ -1- Element of Riba. 2- Element of Gambling. 3- Element of Uncertainty. 4- Gharar in modern day financial transactions...
Takaful chapter 7 general takaful Exam Questions and Answers 100% Pass
Takaful chapter 7 general takaful Exam Questions and Answers 100% Pass Briefly explain General Takaful plan and its scheme. - Correct Answer ️️ -1. General Takaful plans or schemes are basically on a short-term basis (normally one year) between a group of participants to provide mutual compensation in the event of a defined loss. 2. It is designed to meet the needs for protection of individuals and corporate bodies in relation to material loss or damage resulting from a catastrophe o...
- Exam (elaborations)
- • 6 pages •
Takaful chapter 7 general takaful Exam Questions and Answers 100% Pass Briefly explain General Takaful plan and its scheme. - Correct Answer ️️ -1. General Takaful plans or schemes are basically on a short-term basis (normally one year) between a group of participants to provide mutual compensation in the event of a defined loss. 2. It is designed to meet the needs for protection of individuals and corporate bodies in relation to material loss or damage resulting from a catastrophe o...
Chapter 9 - General Insurance and Takaful Products Questions and Answers 100% Pass
Chapter 9 - General Insurance and Takaful Products Questions and Answers 100% Pass Types of Motor Takaful Cover - Correct Answer ️️ -Motorcycle Private Car Commercial Vehicle Taxi Buses Tankers Act Only - Correct Answer ️️ -Third party bodily injury Third Party Cover - Correct Answer ️️ -Third party bodily injury Third party property damage. Third Party Fire and Theft - Correct Answer ️️ -Third party bodily injury Third party property damage Fire or theft Comprehen...
- Exam (elaborations)
- • 15 pages •
Chapter 9 - General Insurance and Takaful Products Questions and Answers 100% Pass Types of Motor Takaful Cover - Correct Answer ️️ -Motorcycle Private Car Commercial Vehicle Taxi Buses Tankers Act Only - Correct Answer ️️ -Third party bodily injury Third Party Cover - Correct Answer ️️ -Third party bodily injury Third party property damage. Third Party Fire and Theft - Correct Answer ️️ -Third party bodily injury Third party property damage Fire or theft Comprehen...
Takaful Exam Questions and Answers 100% Correct
Takaful Exam Questions and Answers 100% Correct Contractual Relationship between Participants and the Takaful Operator - Correct Answer ️️ --Mudharabah -Wakalah -Ju'alah -Wadi'ah Yad Damanah Mudharabah - Correct Answer ️️ --means giving specified amount of capital to another person who will trade with the capital for the purpose of sharing the profits generated according to a pre-agreed ratio. -participants contribute money to fund. takaful operator manages fund. -profit shar...
- Exam (elaborations)
- • 3 pages •
Takaful Exam Questions and Answers 100% Correct Contractual Relationship between Participants and the Takaful Operator - Correct Answer ️️ --Mudharabah -Wakalah -Ju'alah -Wadi'ah Yad Damanah Mudharabah - Correct Answer ️️ --means giving specified amount of capital to another person who will trade with the capital for the purpose of sharing the profits generated according to a pre-agreed ratio. -participants contribute money to fund. takaful operator manages fund. -profit shar...
Takaful definitions Questions with 100% Correct Answers
Takaful definitions Questions with 100% Correct Answers Risk Management - Correct Answer ️️ -Identification analysis and economic control of those risks which can threaten the assets or earning capacity of an enterprise. Insurable Interest - Correct Answer ️️ -The legal right to insure arising out of a financial relationship, recognised at law, the subject matter of insurance. Insurance Contract - Correct Answer ️️ -An agreement, enforceable by law, between two or more persons ...
- Exam (elaborations)
- • 4 pages •
Takaful definitions Questions with 100% Correct Answers Risk Management - Correct Answer ️️ -Identification analysis and economic control of those risks which can threaten the assets or earning capacity of an enterprise. Insurable Interest - Correct Answer ️️ -The legal right to insure arising out of a financial relationship, recognised at law, the subject matter of insurance. Insurance Contract - Correct Answer ️️ -An agreement, enforceable by law, between two or more persons ...
Takaful : Underwriting and Claims Management Exam Questions and Answers 100% Correct
Takaful : Underwriting and Claims Management Exam Questions and Answers 100% Correct Principles of Insurance that can be applied to takaful - Correct Answer ️️ -(1) permissible takaful interest (insureable interest) (2) utmost good faith (3) indemnity (4) subrogation (5) contribution (6) proximate cause. Underwriting - Correct Answer ️️ -Sign and accept liability under an insurance policy, thus guaranteeing payment in case of loss or damage occur. Insureable interest/permissible ...
- Exam (elaborations)
- • 2 pages •
Takaful : Underwriting and Claims Management Exam Questions and Answers 100% Correct Principles of Insurance that can be applied to takaful - Correct Answer ️️ -(1) permissible takaful interest (insureable interest) (2) utmost good faith (3) indemnity (4) subrogation (5) contribution (6) proximate cause. Underwriting - Correct Answer ️️ -Sign and accept liability under an insurance policy, thus guaranteeing payment in case of loss or damage occur. Insureable interest/permissible ...
Pesticide Exam (Turf) Questions and Answers 100% Pass
Pesticide Exam (Turf) Questions and Answers 100% Pass Cultural Factors for Good Turf Density - Correct Answer ️️ -High quality , weed-free sod; choose turf that adapt well to MD environmental conditions, anticipated use and management level; send soil sample to lab and correct soil PH, phosphorus and potassium issues; apply recommended nitrogen at proper time for turf type; mow at recommended height; irrigate thoroughly when needed. Why are weeds present even after good management pra...
- Exam (elaborations)
- • 4 pages •
Pesticide Exam (Turf) Questions and Answers 100% Pass Cultural Factors for Good Turf Density - Correct Answer ️️ -High quality , weed-free sod; choose turf that adapt well to MD environmental conditions, anticipated use and management level; send soil sample to lab and correct soil PH, phosphorus and potassium issues; apply recommended nitrogen at proper time for turf type; mow at recommended height; irrigate thoroughly when needed. Why are weeds present even after good management pra...
turf exam 2 questions and answers 100% pass
turf exam 2 questions and answers 100% pass What needs/requirements are common to construction of both synthetic and natural grass fields? - Correct Answer ️️ -- Architectural and Engineering - Environmental Impact - Consulting - Permits, Bonds, and Insurance - Earthwork/Grading - Drainage/Irrigation - Bleachers, Sidewalks, Fencing, Lighting How do the costs of constructing a GOOD synthetic turf compare to the construction of a "high-end" natural grass system (sand-based)? - Corr...
- Exam (elaborations)
- • 7 pages •
turf exam 2 questions and answers 100% pass What needs/requirements are common to construction of both synthetic and natural grass fields? - Correct Answer ️️ -- Architectural and Engineering - Environmental Impact - Consulting - Permits, Bonds, and Insurance - Earthwork/Grading - Drainage/Irrigation - Bleachers, Sidewalks, Fencing, Lighting How do the costs of constructing a GOOD synthetic turf compare to the construction of a "high-end" natural grass system (sand-based)? - Corr...
Turf exam Questions and Answers 100% Pass
Turf exam Questions and Answers 100% Pass PLS - Correct Answer ️️ -Pure Live Seed PLS equation - Correct Answer ️️ -Purity x Germination Photosynthesis - Correct Answer ️️ -Converts sunlight into sugar/protein. Respiration - Correct Answer ️️ -Turing sugar into plant energy 5-10-5 - Correct Answer ️️ -Starter fertilizer (Due to P being higher) Seed Mix - Correct Answer ️️ -Contains different grass species. Seed Blend - Correct Answer ️️ -Combination of differen...
- Exam (elaborations)
- • 3 pages •
Turf exam Questions and Answers 100% Pass PLS - Correct Answer ️️ -Pure Live Seed PLS equation - Correct Answer ️️ -Purity x Germination Photosynthesis - Correct Answer ️️ -Converts sunlight into sugar/protein. Respiration - Correct Answer ️️ -Turing sugar into plant energy 5-10-5 - Correct Answer ️️ -Starter fertilizer (Due to P being higher) Seed Mix - Correct Answer ️️ -Contains different grass species. Seed Blend - Correct Answer ️️ -Combination of differen...
Life Insurance Colorado Exam Questions and Answers 100% Pass
Peer Support Specialist Certification
Fdny A35 Exam Questions and Answers 100% Pass
Relias Dysrhythmia Basic A Exam Questions and Answers
Life Insurance Colorado Exam Questions and Answers 100% Pass