islamic finance

QUESTION 1 Takaful is an Islamic version of insurance and is always for 1. Specific type of risk 2. All types of risks 3. Both 1 & 2 4. None of above QUESTION 2 QUESTION 2 At the end of Takaful contract, the participant may never get all their contributions back only in 1. Mudarabah model of Takaful 2. Wakalah model of Takaful 3. Wakalah-Waqf model of Takaful 4. Both 2 & 3 QUESTION 3 QUESTION 3 As per scholars' view, the money exchanged for money is in 1. An insurance contract. 2. In a Takaful contract. 3. Both 1 & 2 4. None of above RUESTION 4 QUESTION 4 At the end of Takaful contract, the participant may get all their contributions back only in 1. Mudarabah model of Takaful 2. Wakalah model of Takaful 3. Wakalah-Waqf model of Takaful 4. None of above OUESTION 5