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WorksheetsIslamic finance
Total questions: 15
Worksheet time: 8mins
1. A "sukuk" is basically a Shariah-compliant
Investment certificate
Bank cheque
Loan
Profit
2. A type of partnership where one party offers funds while the other give expertise and management is…
Murabaha
Ijarah
Musharaka
Mudaraba
3. The Islamic financial system prohibits transaction featuring
Extreme uncertainties resulting from speculation and gambling
Sharing of profit and risk of loss
Partnership agreements
Trading for profit
4. Under Salam contract goods are…
Not delivered until payment is made
Purchased for delivery in future
Taxed before delivery
Delivered for payment later
5. Find the asset-based financial instruments:
Salam, Murabaha, Istisna', Ijarah
Musharakah and Murabaha
Salam, Murabaha, Mudaraba, Istisna'
Salam, Mudaraba, Istisna'
6. ________ is a contract whereby the purchaser pays the price in advance and the delivery of subject matter is postponed to a specified time in future.
Istisna'
Ijarah
Salam
Qard ul-hassan
7. Tabarru is…
Contract of charity or donation
Insurance contract
A common fund contributed by a takaful participants
An arrangement based on mutual assistance
8. Find types of Takaful
Musharaka, Wakala, Hybrid, Waqf
Mudaraba, Wakala, Hybrid, Waqf
Mudaraba, Kafala, Hybrid, Waqf
Murabaha, Wakala, Hybrid, Waqf
9. In the ____________ model of Takaful financial losses are required to be covered only by the participants
Mudaraba
Waqf
Wakala
Murabaha
10. Which Security is acceptable in Islamic shariah law?
Stocks
Bonds
Common stocks
Preffered stocks
11. " Act as issuer of Sukuk as well as trustee"
The statement above refers to:
Special purpose vehicle company (SPV)
Originator
Investors
12. The period of the rental payment reflects the maturity of the Sukuk.
Identify the sukuk type above.
Sukuk al Musharaka
Sukuk al Mudaraba
Sukuk Murabahah
Sukuk Ijarah
13. Losses generated by the Sukuk asset will be shared between SPV and the originator based on the capital contribution ratio.
Sukuk Mudarabah
Sukuk Ijarah
Sukuk Musharaka
14. The originator will lease back the asset throughout the_______.
Sukuk Ijarah
Sukuk Murabahah
Sukuk Mudarabah
15. Represent the basic voting shares of a corporation, this statement refers to _________________________
Preffered stocks
Bonds
Common stocks
