ACCT 424 SEU Accounting Insurance Questions
Description
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Assignment 1
Deadline: 14/1/2023@ 23:59
Course Name: Insurance Accounting
StudentàName:
Course Code: ACCT 424
StudentàID Number:
Semester: 1
CRN:
Academic Year: 1444/1445 H
For InstructoràUse only
InstructoràName: Habiba Moabber
Students rade: / 15
Level of Marks: High/Middle/Low
Instructions LEASE READ THEM CAREFULLY
he Assignment must be submitted on Blackboard (WORD format only) via
allocated folder.
ssignments submitted through email will not be accepted.
tudents 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.
tudents must mention question number clearly in their answer.
ate submission will NOT be accepted.
void 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.
ll 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).
ubmissions without this cover page will NOT be accepted.
Assignment Question(s):
Q1. Visit the following website for SAMA (https://www.sama.gov.sa/enUS/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
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