Takaful - Study guides, Class notes & Summaries
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Chapter 9 - General Insurance and Takaful Products Questions and Answers 100% Pass
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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...
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Chapter 9 - General Insurance and Takaful Products Questions and Answers 100% Pass
- Exam (elaborations) • 15 pages • 2024
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- $12.49
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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...
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Takaful chapter 7 general takaful Exam Questions and Answers 100% Pass
- Exam (elaborations) • 6 pages • 2024
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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...
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Takaful chapter 7 general takaful Exam Questions and Answers 100% Pass
- Exam (elaborations) • 6 pages • 2024
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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
- Exam (elaborations) • 12 pages • 2024
- Available in package deal
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- $7.99
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Types of Motor Takaful Cover - Answer-Motorcycle 
Private Car 
Commercial Vehicle 
Taxi 
Buses 
Tankers 
Act Only - Answer-Third party bodily injury 
Third Party Cover - Answer-Third party bodily injury 
Third party property damage. 
Third Party Fire and Theft - Answer-Third party bodily injury 
Third party property damage 
Fire or theft 
Comprehensive Cover - Answer-Own damage 
Bodily injury 
Property damageLoss or Damage to Vehicle - Answer-Accidental collision or overturning. 
Collision or ov...
And that's how you make extra money
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Topic 9 : Fundemantal Of Takaful Questions and Answers 100% Pass
- Exam (elaborations) • 6 pages • 2024
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Topic 9 : Fundemantal Of Takaful 
Questions and Answers 100% Pass 
Islam and Insurance - Correct Answer ️️ -Insurance operation did not confirm to 
Islamic Law due to the existance these elements. 
Element that make insurance did not confirm in Islam - Correct Answer ️️ -Gharar- 
uncertainty 
Maisir- gambling 
Riba- usury/ interest 
Gharar - Correct Answer ️️ -- what being bought is not clearly defined/uncertainty 
- existance of uncertainty in contract : 
1. premium payment 
nsation...
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Topic 9 : Fundemantal Of Takaful Questions and Answers 100% Pass
- Exam (elaborations) • 6 pages • 2024
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- $11.49
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Topic 9 : Fundemantal Of Takaful 
Questions and Answers 100% Pass 
Islam and Insurance - Correct Answer ️️ -Insurance operation did not confirm to 
Islamic Law due to the existance these elements. 
Element that make insurance did not confirm in Islam - Correct Answer ️️ -Gharar- 
uncertainty 
Maisir- gambling 
Riba- usury/ interest 
Gharar - Correct Answer ️️ -- what being bought is not clearly defined/uncertainty 
- existance of uncertainty in contract : 
1. premium payment 
nsation...
-
Takaful chapter 7 general takaful Questions And Answers Rated 100% Correct!!
- Exam (elaborations) • 4 pages • 2024
- Available in package deal
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Briefly explain General Takaful plan and its scheme. - 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 or disaster inflicted upon properties, assets or belongings of participants during 
the per...
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Takaful Questions and Answers
- Exam (elaborations) • 2 pages • 2024
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Contractual Relationship between Participants and the Takaful Operator - Answer--Mudharabah 
-Wakalah 
-Ju'alah 
-Wadi'ah Yad Damanah 
Mudharabah - 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 shared between participants and takaful operator based on pre-agreed ratio or percentag...
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Takaful definitions Questions with 100% Correct Answers
- Exam (elaborations) • 4 pages • 2024
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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 ...
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