WorksheetsRevision IMU600
Total questions: 20
Worksheet time: 8mins
Choose 3 functions of the Islamic Capital Market.
Contributes to economic growth
Play a complementary role to the Islamic banking and takaful sectors
Facilitates the available of liquidity by enabling secondary trading of security
A compulsory knowledge of investment in gaining wealth
Which of the following is NOT CORRECT of duties of Shariah Committee towards Islamic financial institution?
To endorse Shariah compliance manuals
To endorse and validate relevant documentation
To assist related parties on Shariah matters for advice upon request explanation.
To remunerate the members of the Shariah Committee accordingly
Which of the following is NOT a unique risk?
Rate of return risk
Equity investment risk
Shariah non-compliance risk
Liquidity risk
"The risk arises from entering into a partnership for participating in a particular financing or general business activity as described in the contract". The statement is referring to......
Market risk
Equity investment risk
Displaced commercial risk
Credit risk
Which of the following is NOT main features of bai' wafa ?
The asset traded is not an asset obtained through musya'
The buyer can utilise and benefit from the property bought through wafa'.
sale of non existent of an object
The buyer cannot transfer the right of ownership of the property to another person.
Choose 2 reasons companies get listed in Bursa Malaysia.
Higher Profile
Popularity
Increase production efficiency
Firms' Expansion
Which of the following is the responsibility of management company in i-REIT?
Setting strategic direction and recommend potential possession of investment
Act as a guardian of the asset and preserve the unitholder interest
maintain property maintenance and management services
ensure the activities of Shariah compliance
Choose 2 disadvantages of Exchange Traded Funds.
Low transparency
bound to ups and downs of the market
The risk of tracking error
Cannot be traded at anytime during trading hours of the stock exchange
Which of the following is INCORRECT about the differences between asset backed sukuk and asset based sukuk?
The primary source of income derived from asset in asset backed sukuk.
Asset based has rating based on the strength cash flow of the asset
Asset based has beneficial ownership with no right to dispose the asset.
Asset backed is off balance sheet.
Choose 3 issues that can be resolved using futures products.
Price mechanism bias
Operational risk
Counterparty risk from forward contract
Double coincidence of wants
Holding Rights in Rentals and the Haq Maliy Principle are the Shariah justifications by SAC in permissibility of call warrant.
True
False
Forward and swap is operated and can be executed in exchange traded only.
True
False
The relationship between issuer and investor in SIPs is commonly ........................
Wakalah or Istisna
Wakalah or Salam
Wakalah or Mudarabah
Wakalah or Musyarakah
"Underwriting of new stock issue price and finding investor for corporate bond". This roles of stakeholder is referring to.....................
Bursa Malaysia
Investment bank
Fund Manager
Trustees
"Financial institutions would avoid certain risks through simple business practices and would not engage in risky operations". This risk management strategies refer to.............
Risk Avoidance
Risk Transfer
Risk Retention
Risk Reduction
..........................is a sale where the buyer must return the goods to the seller once the seller pays back the price of the goods sold.
Bai Ma'dum
Bai Dayn
Bai Muzayadah
Bai Wafa
"Principle amount is guaranteed upon and payable upon maturity date. The price is based on the issuer's creditworthiness". These statements are referring to....
Sukuk
Coupon
Dividend
Bond
Select the example of Islamic SIPs
Single stock future
Islamic Dual Currency
Composite Index Future Contracts
Call warrant
Which of the following is NOT described asset backed sukuk structures?
Key sources of payment come from the performance of the asset
A true sale of the asset by the originator to the Special Purpose Vehicle (SPV)
Sukukholder has recourse to the asset only
The rating of sukuk will be based on strength of asset cash flow
The following are underlying Shariah contract been used in Islamic structured investment product EXCEPT for..................
Wa'ad
Urbun
Wakalah yad amanah
Wakalah bi istithmar
