WorksheetsPop Quiz FIN546 Chap 3
Total questions: 20
Worksheet time: 10mins
Elements in Islamic capital market:
Forex market
Sukuk market
Equity market
Money market
Assets classes in Islamic equity market, except:
REITs
Crude palm oil
Sukuk Ijarah
Islamic ETFs
Steps for stock screening process for Shariah-compliance securities:
Data collection
Listed in Bursa
Evaluation & report preparation
Trading securities
_____ _______ act as the Malaysian banking and financial institutions supervisor as well as the Insurance and Takaful institutions
Securities Commission
Islamic Financial Services Board (IFSB)
Bank Negara Malaysia (BNM)
RAM Holding Berhad
IDB's objectives, except:
Promotion of Islamic financial industry and institutions
Provide rating for securities
Poverty alleviation
Promotion of cooperation among Muslim members
One of Objectives of AAOIFI:
To foster the economic development and social progress in country accordance with the Shariah
Provide short term training for industrial practitioners
To develop accounting and auditing thoughts relevant to Islamic financial institutions
Dedicated for postgraduate study on Islamic Finance.
Reasons Permitting the Inclusion of Mixed Companies in the List of Shariah Approved Securities:
Changes in rulings due to changes in human nature
To ensure that Muslims won’t be left behind to non-Muslims.
Umum balwa
All of them
Two elements for 5% benchmarks:
Conventional insurance
Share trading
Gambling
Hotel and resort operations
33% Financial Ratio Benchmarks are:
Cash over Total Assets
Equity over Total Assets
Debt over Total Assets
Profit over Total Assets
Qualitative method of evaluation in stock screening:
calculate the percentage of haram activities to the group turnover (TO)
calculate the percentage of haram activities to the group profit before tax (PBT)
evaluate the public perception towards the companies
calculate the percentage of haram activities to the group Balance sheet
Profit from the disposal of the non-compliant securities can be kept by the investors.
Disposal before the announcement date
Disposal during the announcement date
Disposal after the announcement date
Disposal after one month of the announcement date
What if closing price during announcement date is lower than investment cost?
dispose the securities
sell the securities
hold the securities
redeem the securities
Profit made from after the announcement date due to market price is higher than the closing price on the announcement date:
Sell at par value
Profit channeled to charities
Profit can be kept by investor
Profit shared with the investment banks
Profit gained from the securities disposal after one month of announcement date:
Sell at par
Profit can be kept by investor
Profit channeled to charities
Profit shared with the investment banks
Profit gained from the stock disposal can be channeled to the charities if:
Profit gained from disposal on announcement date
Profit gained from disposal after announcement date
Profit gained from disposal before announcement date
Profit gained from disposal after one month of announcement date
Contracting parties in unit trust investment, except:
Trustee
Entrepreneur
Unit holder
Unit trust management
Contracts involved in unit trust, except:
musyarakah
kafalah
wadiah yad dhamanah
bay'
Advantages of unit trust investment:
liquid
affordable
high risk
diversification
what is REITs?
a mechanism for individual investors to invest in a securities
a mechanism for individual investors to invest in a financial assets
a mechanism for individual investors to invest in a commercial real estate
a mechanism for individual investors to invest in a bond
Advantage of investing in REITs, except:
High dividend
Liquid
Affordable
Own the property
