quiz CTU351

There are several topic under LC except

• murabahah

• mudarabah

• musharakah

• wakalah

Complicated process that involve multiple relationships between the parties when its come to financing is ...

• islamic accepted bills

• challenges and issue islamic banking

• challenges in murabahah financing

• type of islamic letter

What is definition of LC ?

• referring to bills or financial instruments that accepted within the framework of Islamic finance

• a theory of credit commercial transaction in which the ultimate buyer acquires the items

• a written prompt asking the ban to acquire the product and informs the bank of its LC requirements

• a written commitment to the supplier of goods or services to pay a specific sum of money in accordance with the terms

IAB export used transaction murabahah

• TRUE

• FALSE

Islamic accepted bills follow the principles of ...

• murabahah

• musharakah

• bay' al-dayn

• wakalah

Who is share purchase amount between customer and bank?

• murabahah

• wakalah

• musharakah

The method of payment where the exporter relies on the undertaking of a bank to pay is ...

• bank guarantee

• letter of credit

• letter of comfort

• none of the above

In type of islamic letter there is explain about bank will provide financing facilities to the applicant or customer with time limit. Which of the type explain above?

• wakalah

• musharakah

• murabahah

IECR is, except

• Financial arrangements in which governments or financial institutions

• referred to any financing that an exporter can obtain before to shipping products to a buyer

• Financial instruments that follow Islamic principles and aim to assist and facilitate international trade transactions

• Combining these ideas can result in the term "Islamic export credit refinancing" referring to financing methods that aim to assist export activities while complying with Islamic financial regulations.

What is lender give to off-taker?

• loan

• contract

• payment

• profit margin