FLY:Malaysia Financial Planning with Takaful

Question 1

Which one of the following products of FWD Takaful provide microtakaful plan specially for B40 family?

Accepted Answer

FWD Kasih

Question 2

Which of the Takaful products provide coverage in case of death and/or total permanent disability for a specific term?

Accepted Answer

Term Takaful

Question 3

Which are the terms used in Takaful for Premium and Policy? (Choose two)

Accepted Answer

Certificate, Contribution

Question 4

Which one is the example of Gharar in conventional insurance?

Accepted Answer

Both the insurer and insured don't know when the peril will occur.

Question 5

Which definition is the most accurate about Gharar?

Accepted Answer

Uncertainty regarding the subject matter being contracted.

Question 6

Which is the main source(s) of Takaful Law?

Accepted Answer

Al-Quran and As-Sunnah

Question 7

Tawarru' is an example of a Takaful business model.

Accepted Answer

False

Question 8

The following features are unique to Takaful EXCEPT

Accepted Answer

Profit and loss sharing

Question 9

Takaful is an arrangement where participants agree to contribute to a common fund providing mutual financial benefits.

Accepted Answer

True

Question 10

Which definition is the most accurate about Maisir?

Accepted Answer

A game of pure chance where any party might gain at the expense of another.

Questions 10