| Course Name: Insurance Accounting | Student’s Name: |
| Course Code: ACCT 424 | Student’s ID Number: |
| Semester: II | CRN: |
| Academic Year: 1444/1445 H | |
For Instructor’s Use only
| Instructor’s Name: Habiba Moabber | |
| Students’ Grade: / 15 | Level of Marks: High/Middle/Low |
Instructions – PLEASE READ THEM CAREFULLY
- The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
- Assignments submitted through email will not be accepted.
- Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
- Students must mention question number clearly in their answer.
- Late submission will NOT be accepted.
- Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
- All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
- Submissions without this cover page will NOT be accepted.
Assignment Question(s):
Q1. Visit the following website for SAMA (https://www.sama.gov.sa/en-US/FAQs/Pages/InsuranceFAQs.aspx). Summarize its content in your own words and compare it to Insurance Laws you studied the course. (Marks 8)
Answer:
Q2. Differentiate between conventional insurance and takaful system focusing on the three elements that makes the conventional insurance (haram) prohibited under Islam laws. (7 Marks)
Answer:
| Takaful Insurance | Conventional Insurance |
