Governance and Management QuizOnline version Test your knowledge on governance and management concepts with this engaging quiz! by Aiman Roseli 1 What is a key feature that distinguishes Takaful from conventional insurance? a Profit-sharing among shareholders only b Risk transfer and interest-based investments c Mutual cooperation and Shariah compliance 2 What is the main purpose of the Shariah Supervisory Board (SSB) in a Takaful operator? a To manage investments independently of Shariah principles b To ensure compliance with Islamic law in all operations c To market products and increase custo 3 Which of the following is a governance practice recommended to improve Takaful operators' performance? a Dual role of CEO and board chairman b Frequent board meetings without structure c Independent audit committees and board diversity 4 Which is a key function of management?What impact does Shariah Risk Management have on financial performance, according to the document? a Positive, due to strict risk control b Negative, due to operational burdens c No impact at all 5 What is a strategy for enhancing disclosure and transparency in Takaful operations? a Reducing board meetings b Limiting access to fatwa reports c Implementing thorough CG and SG disclosure rules
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