WorksheetsFinancial Instrument Quiz
Total questions: 15
Worksheet time: 8mins
What is a financial instrument?
A document representing a legal agreement involving monetary value
A type of musical instrument
A cooking utensil
A gardening tool
According to AAOIFI, what are investment funds?
Tools used for painting
Types of musical instruments
Physical assets like buildings and machinery
Financial vehicles independent of the institutions that establish them
What is the primary characteristic of Equity Market Instruments?
Investing in the stock/share market
Investing in real estate only
Investing in precious metals
Investing in cryptocurrencies
What is the main function of a Unit Trust/Mutual Fund?
A type of government bond
A legal document for property ownership
A type of insurance policy
Pooled investment plan managed by professional fund managers
What is the characteristic of Real Estate Investment Trusts (REITs)?
Investing at least 50% of total assets in real estate
Investing in agriculture
Investing in the stock market
Investing in technology companies
What is the definition of Islamic REITs (I-REITs)?
A type of mutual fund
A type of government bond
A type of cryptocurrency
A collective investment scheme in real estate with Shariah-compliant tenants
What is the main difference between Islamic ETFs and conventional ETFs?
The benchmark index that the ETF tracks
The number of employees in the ETF company
The color of the ETF logo
The size of the ETF office
What is the feature of an ETF?
A type of art exhibition
A type of cooking show
A type of musical performance
Listed index-tracking fund that can be bought and sold anytime during stock exchange trading hours
What is the role of the trustee in a Unit Trust?
To provide medical services to the unit holders
To handle the fund's legal matters
To manage the fund's marketing activities
To look after the interest of the unit holders and ensure compliance with Shariah
What does the Securities Commission do in relation to unit trusts?
Safeguard the interests of investors and formulate regulations for unit trusts
Provide loans to unit trusts
Manage the day-to-day operations of unit trusts
Sell unit trusts to investors
What is the primary objective of Exchange Traded Funds (ETFs)?
To achieve the same return as a particular market index
To provide loans to investors
To offer insurance services
To sell real estate properties
What is the main income source for Islamic REITs?
Derived from agriculture investments
Derived from technology companies
Derived from stock market investments
Derived from tenants operating permissible activities according to Shariah
What is the main type of tenants for Islamic REITs?
Tenants in government offices
Tenants in non-permissible activities
Tenants in industrial factories
Tenants in businesses that comply with Shariah principles
What is the Malaysian SC's guideline regarding rental from mixed activities for Islamic REITs?
Proportion of rentals from non-permissible activities must not exceed 20%
Proportion of rentals from non-permissible activities must exceed 50%
Proportion of rentals from non-permissible activities must be 100%
Proportion of rentals from non-permissible activities must be ignored
What is the requirement for the acquisition of real estate for Islamic REITs?
Real estate must be non-compliant with Shariah principles
Real estate must be used for any purpose
Real estate must be Shariah compliant in terms of utilization and financing
Real estate must be located in specific countries
