29. Major requirement(s) for good corporate governance within the context of

takaful(Islamic insurance) include:a)a set of organisational arrangements whereby the actions of the

management of takaful operators are aligned with the interests of its

stakeholders

b) provisionof proper incentives for the organs of governance to pursuethat are in the interests of the stakeholders and facilitate effective monitoring

c) compliance with the Shar`ah rules and principle.d)all of the above

30. Which of the following is not an objective of the IFSB guiding principles on governance for takaful (Islamic insurance)?

a) To provide benchmarks for use by takaful supervisors in adapting and improving regulatory regimes or establishing new ones;

b) To address regulatory issues, such as risk management and financial

stability, for the takaful industry;

c) To provide liquidity enhancement to the financial system

d) To provide appropriate levels of consumer protection in terms of both risk and disclosure

31. Which of the following is not one of the three parts of the IFSB guiding principles for the takaful industry?

a) Reinforcement of relevant good governance practices as prescribed in other relevant internationally recognised governance standards

b) Promotion of strong business and legal environments that support corporate governance

c) A balanced approach that considers the interests of all stakeholders and their fair treatment

d) A drive for a more comprehensive prudential framework for takaful undertaking

32. According to the IFSB guiding principles, takaful operators shall:

a) adopt and implement procedures for appropriate disclosures that provide takaful participants with fair access to material and relevant information

b) have in place an appropriate governance structure that represents the rights and interests of takaful participants

c) adopt an appropriate code of ethics and conduct to be complied with by

their officials at all levels

d) all of the above