Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
An agent offers Takaful products and services on behalf of the Takaful for free.
An agent offers Takaful products and services on behalf of the Takaful for free.
False (B)
Aqd contract Aqd-e-Taburru involves making a person the owner of something without any consideration.
Aqd contract Aqd-e-Taburru involves making a person the owner of something without any consideration.
True (A)
Claim is the notification to a Takaful Operator that payment of an amount is due under a contract of Takaful arising from occurrence of a covered event.
Claim is the notification to a Takaful Operator that payment of an amount is due under a contract of Takaful arising from occurrence of a covered event.
True (A)
Contribution is the amount payable by a participant to an operator under a Takaful membership.
Contribution is the amount payable by a participant to an operator under a Takaful membership.
Signup and view all the answers
Investment-linked Takaful is a contract where the certificate benefits vary according to the value of the underlying assets at the time.
Investment-linked Takaful is a contract where the certificate benefits vary according to the value of the underlying assets at the time.
Signup and view all the answers
