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Question 7 There are 2 types of Takaful business, which are and Not yet answered Marked out of 1.00 Flag question Q a. General takaful
Question 7 There are 2 types of Takaful business, which are and Not yet answered Marked out of 1.00 Flag question Q a. General takaful and household takaful O b. Family takaful and Hazard takaful O c. family solidarity takaful business and general takeful business d. Specific Takaful and general takeful businessPure Wakalah Model is described by the following features, except; a Underwriting surplus, if any, will be returned bank to the Takaful fund O b. The operator is rewarded as an agent that manage the Takaful on behalf of the participants c. The operator is rewarded with a commission which is tied with its performance Old Investment profits, if any, will be shared according to an agreed ratio Question 4 Among the differences between Family and General Takaful are the following: EXCEPT. Not yet answered Marked out of 1.00 P Flag question O a. General Takaful will not be terminated upon the payment of a claim during the tenure b. General Takaful cover risk of the participants during certain period with a renewable option c. General Takaful has one account called participant investment account O d. General Takaful usually covers for shorter term period than that of Family Takaful Question 5 Not yet answered Which of the following is the mostly established takaful model? Marked out of 1.00 O a. Musawamah P Flag question O b. Tawwaruq O c. Bal Bithaman Ajil O d. Wakalah
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