Worksheetsib
Total questions: 41
Worksheet time: 23mins
Money market securities have all the following characteristics EXCEPT they are not _______ .
short term
money
low risk
very liquid
The ___________ is a monetary policy tool that use to determine the amount of deposits that banks must hold.
open market operations
reserve requirements
discount ratio
federal funds rate
All the following are the contract normally use in Islamic Interbank Market, EXCEPT:
Mudarabah
Murabahah
Kafalah
Wakalah
Which of the following is NOT the money market instruments?
Commercial Paper
Banker's Acceptance
Repurchase Agreement
Factoring
Negotiable Certificate of Deposit in Money Market Instrument is ___________ .
An agreement which the bank sells its valued papers to investor with an understanding to repurchase them at agreed price on a specified future date.
A document which certifies that a certain sum of Ringgit has been deposited with a financial institution at a specified rate of interest with a specified maturity period.
Bill of exchange which are drown on and accepted by commercial or merchant banks in Malaysia.
Payable to order and entitle the holder the payment of a fixed deposit sum on maturity.
The following are the comparison between Islamic and conventional money market instrument, EXCEPT?
Islamic money market must be approved by the relevant Shariah authority, while for conventional money market approved by the relevant financial regulator.
Islamic money market structured based on assets, equity and debt, while for conventional money market structured based on loan contract only.
Islamic money market and conventional have same on obtaining short-term funding based on Shariah laws and principles.
Islamic money market opens for both Islamic and conventional investors, while for Conventional opens only for conventional investors only.
Islamic money market is a key appendage of the banking system.
TRUE
FALSE
In money market, the instrument with the least risk of default is __________ .
Repurchase Agreement
Commercial Paper
Treasury Bills
Banker's Acceptance
The participants in money market are
Household and firms
Firm and government
Banking and non banking instituions
What is the product which currently offered by the Islamic bank that using leasing contract?
Ar Rahn
Al Wadiah
Al Bay' Bithamin Ajil
Al Ijarah Thumma Al Bai'
What is meaning of tabbaru’ in takaful?
The insurer needs to compensate a certain amount of money to the insured.
An insurance contract is a contract of exchange there exists compensation awarded with the premium payment at the same time
A contract where the results are not known or hidden, or one of the two possibilities where the frequent occurrence is the one that is more feared
A form of sincere donation that is given by one party with the intention of helping others to bear monetary losses and misfortunes that may entail
The following are Islamic concepts used for ar-Rahn EXCEPT
al-ujrah
musyarakah
qardhulhasan
wadiah yad-amanah
The following are eligible to receive zakat in Malaysia EXCEPT
single mother who worked
low income people below the poverty line
people who have no or disabled and prevented from working
orphans and have not attained the age of 18 years and no income
What are the concepts used in the contract of takaful?
Mudarabah and musyarakah
Murabahah and musyarakah
Musyarakah and wakalah
Mudarabah and wakalah
General sources of Baitulmal Malaysia are
al-luqatah, waqf , nazar, kafarah payment and wassiyah
al-luqatah, waqf , al-fay’, kafarah payment and wassiyah
kharaj, jizyah, waqf , nazar, kafarah payment and wassiyah
ushur, al-fay’, waqf , nazar, kafarah payment and wassiyah
The function of ar-rahn is to
give loan and the mortgagor required to pay the debt together with the interest
provide loans to people that the shortage of funds and intended to get maximum profit
enable people pledge their property and sell it if they cannot afford to pay the debt and all money will be taken by the mortgagee
secures the jewellery and would be auctioned off if mortgagor cannot pay the debt, if there is any balance will be refunded
What is the benefit of family takaful plan?
Provide financial protection if you are diagnosed with a critical illness.
Cover the vehicle against loss or damage as well as third party legal liabilities.
Protect for losses to property such as buildings, contents, machinery as well as stock.
Protect the home from loss or damage caused by any of the fire or earthquake.
The following are principle of takaful EXCEPT
mutual protect any inconvenience
mutual cooperate or assist
mutual guarantee the profit
mutual protect any inconvenience
How many times is a Muslim supposed to pray each day?
Three times
Four times
Five times
Six times
Islam was influenced by which other two religions?
Hinduism and Taoism
Buddhism and Jansenism
Judaism and Christianity
Zoronastrianism and Shinto
Where did Islam originate?
Arabian peninsula
North Africa
China
India
Which one of these is NOT one of the five pillars?
fasting
pilgrimage
attending church
charity
The followers of Islam are calld
Christians
Muslims
Hindus
None of the above
The sacred text is called the
Mosque
Koran
Torah
Sheikh
The Arabic word for "God" is..
God
Buddah
Allah
Muhammad
What is Shariah
the divine laws, values and commandments and the way of life that have been conveyed through divine revelation.
knowledge and understanding
reservation of a property preventing another from benefiting from it and permitting its owner to dispose of it in any manner he likes
One of the core aims or objectives (maqasid) of the Shariah is the preservation of Wealth (Maal).
True
False
Fiqh contains human involvement which requires juristic interpretation from Scholars.
True
False
Subject matter in a contract can not be anything that is not tangible. (Eg: usufruct (benefit from someone else's property) which is commonly found in a lease agreements)
True
False
Offer and acceptance are non-essential attributes of the contract and if they are missing then the contract can not be described as Void (batil)
True
False
According to shari'ah, anything that has economic value is considered wealth.
True
False
The flesh of a dead animal is not considered a property of value to a Muslim
True
False
