What are the services normally offered by the banks in order to facilitate international trading

• project finance, trade finance and corporate finance

• trade finance, project finance, foreign exchange transaction and corporate finance

• trade finance, foreign exchange transaction and corporate finance

• project finance, foreign exchange transaction and corporate finance

The main purpose of foreign exchange is...

• to convert and trade foreign currencies

• to invest money in foreign countries

• to borrow money from foreign countries

• to do import and export

letter of credit can be issued under three contracts which are....

• wakalah, murabahah and Mudharabah

• Mudharabah, kafalah and musyarakah

• Al-Dayn, wakalah and mudharabah

• wakalah, murabahah and musyarakah

There are three (3) parties involved in Islamic factoring:

• The receivable, debtor and factor

• The receivable, creditor and factor

• The receivable, debtor and creditor

• The creditor, debtor and factor

Islamic Acceptance Bills can be done under two (2) Shariah concepts such as....

• Mudharabah and Al-Dayn

• Murabahah and Al-Inah

• Mudharabah and Al-Inah

• Murabahah and Al-Dayn

It is a facility granted by the bank to importers for clearance of goods at the port without producing original Bill of Lading. This explanation refers to....

• Kafalah Bankers Guarantee

• Kafalah Shipping Guarantee

• Letter of Guarantee

• Letter of Credit

Letter of Guarantee (LG) that provides by the Islamic Bank to its customer used the principle of ..........

• Al-Musyarakah

• Al-Mudharabah

• Al-Kafalah

• Al-Wakalah

Wakalah can be combined with which other modes of Islamic Trade financing?

• Murabahah

• Mudharabah

• kafalah

• Al-Dayn

IAB - drawn by the bank and accepted by the importer

• Al-Dayn

• Murabahah

• Mudharabah

• factoring

IAB - drawn by the exporter and accepted by the bank

• factoring

• Murabaha

• Al-Dayn

• Mudharabah