WorksheetsCHAPTER 6 REGULATIONS, SUPERVISION AND GOVERNANCE OF FINANCIAL I
Total questions: 19
Worksheet time: 5mins
Example of man-made laws and regulations is Shariah law
true
false
The enforcement of Central Bank of Malaysia Act in Year
1985
1986
2009
2008
CBA mandates is to promote....
people working in banking and financial industry
monetary and financial stability, and to exercise oversight over payment systems
promoting new Islamic product
Below are institutions follow Financial Services Act 2013 EXCEPT
commercial banks, investment banks, insurers (collectively known as "licensed persons");
operator of designated payment systems
Islamic bank, takaful operators, operator of payment systems
Below are acts that have been repealed by FSA 2013 EXCEPT
Insurance Act 1996 [Act 553]
·Banking and Financial Institutions Act 1989 [Act 372]
·Payment Systems Act 2003 [Act 627]
Sukuk Act 2012
IFSA 2013 replaced acts of ....
Islamic Banking Act 1983 and Takaful Act 1984
Sukuk Act 2012 and Takaful Act 1984
Takaful Act 1984 and Insurance Act
Person or institutions ambits with IFSA 2013 are as follow EXCEPT
Islamic banks
takaful operators
issuers of designated Islamic payment instruments
financial advisors
Malaysia Financial regulators are BNM and .......
Securities Code
Securities Guard
Securities Commission
Corporate Governance is an external system encompassing policies, processes and people, which serves the needs of shareholders, by directing and controlling management activities with good business savvy.
TRUE
FALSE
Corporate Governance comprises of ......
Board, management, team leader and shareholder
Board, management, stakeholders and government
Board, management, shareholders and stakeholders
There should be no such fraud and material misstatements exist if the concept could be internalized and could be reflected in their conducts is CG principle of ..............
Transparency
Accountability
Reliability
Corporation should disclose information regarding its policy is principles of CG of .....
Accountability
Transparency
Fairness
Allianz Insurance is falls under which category.
Corporate Governance
Corporate Governance and Shariah Governance
Shariah Governance
Kuwait Finance House (KFH) is falls under which category
Shariah Governance
Corporate Governance
Corporate Governance and Shariah Governance
Bank Negara Malaysia (BNM) and Securities Commission (SC) are the regulators of Malaysia Islamic financial system
TRUE
FALSE
SAC stand for
Shariah Alert Council
Shariah Advocate Council
Shariah Advisory Council
SAC is a centralized Shari’ah advisory body based in BNM
TRUE
FALSE
Shariah Research Function is review business operations on a regular basis to ensure Shariah compliance
TRUE
FALSE
Shariah audit function is identify, measure, monitor, report and control shariah non-compliance risk
TRUE
FALSE
