Front

What is a key characteristic of Islamic finance?

Back

Prohibits interest and emphasizes risk-sharing

Answer explanation

A key characteristic of Islamic financing is that it prohibits interest (riba) and emphasizes risk-sharing among parties, promoting ethical investment and financial justice.

Front

What is a significant barrier for small and medium-sized enterprises (SMEs) in Malaysia?

Back

Lack of financial literacy and awareness of available resources.

Answer explanation

Lack of financial literacy and awareness of available resources is a significant barrier for SMEs in Malaysia, as it limits their ability to access funding and support, hindering growth and competitiveness.

Front

Which financial institutions played a pivotal role in Malaysia’s post-independence economic development?

Back

Maybank and CIMB

Answer explanation

Maybank and CIMB were instrumental in Malaysia's post-independence economic development, providing essential banking services and financing for growth, unlike the other options which are not primarily focused on Malaysia.

Front

What was the percentage decrease in the total number of financing applications from 2020 to 2021?

Back

57%

Answer explanation

To find the percentage decrease, subtract the number of applications in 2021 from 2020, divide by 2020's total, and multiply by 100. The calculation shows a 57% decrease, making 57% the correct answer.

Front

In which year did the rejection rates for financing reach 60%?

Back

2020

Answer explanation

The rejection rates for financing reached 60% in 2020, marking a significant increase during that year due to various economic factors. This was not the case in 2019, 2021, or 2022.

Front

What is a significant barrier for many MSMEs seeking financing in Malaysia?

Back

Lack of collateral

Answer explanation

A significant barrier for MSMEs in Malaysia is the lack of collateral, which makes it difficult for them to secure financing. Lenders often require assets to back loans, and many MSMEs do not have sufficient collateral to meet these requirements.

Front

What percentage of micro-entrepreneurs in Malaysia lack sufficient assets to meet collateral requirements?

Back

65%

Answer explanation

In Malaysia, 65% of micro-entrepreneurs do not have enough assets to fulfill collateral requirements, highlighting a significant barrier to accessing financing for their businesses.

Front

What is the main characteristic of microfinance?

Back

Offers small loans to underserved entrepreneurs, particularly in rural areas.

Answer explanation

The main characteristic of Microfinance is that it offers small loans for underserved entrepreneurs, particularly in rural areas, enabling them to start or grow their businesses when traditional financing is unavailable.

Front

What is the purpose of the SME Technology Transformation Fund (STTF)?

Back

To support SMEs in adopting digital technologies

Answer explanation

The SME Technology Transformation Fund (STTF) aims to assist small and medium enterprises (SMEs) in integrating digital technologies, enhancing their competitiveness and efficiency in a rapidly evolving market.

Front

What is a key feature of Islamic financing instruments like Sukuk?

Back

They offer ethical funding alternatives aligned with Islamic finance principles.

Answer explanation

Sukuk are designed to comply with Shariah law, providing ethical funding alternatives that align with Islamic finance principles, making them suitable for investors seeking socially responsible investment options.