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10 Questions




1. Followings are the concepts of Islamic Investment except;

A Shariah approved activities.

B Risk sharing or loss sharing or profit sharing.

C Prohibition of Riba’, Gharar, Maysir. D Permissibility of hoarding.

2. The actions, words, behavior, or tacit approval of the Prophet Muhammad SAW is considered to be the

A Quran B Sunnah

C Ijma' D Qiyas

3. A _____ in which the investors contribute their money for the purpose of its investment to earn permissible (halal)

profits in strict conformity with the Islamic law.

A joint pole B joint pool

C joined poll D join pool

4. Securities markets are forums that allow suppliers and demanders of securities to make financial transactions.

A False B True

5. What is the difference between an Investment Bank and an Islamic Investment Bank?

A The products and services offered in an Islamic Investment Bank is Shari'ah compliant as per its Shari'ah Board

B All of the above are correct differences between the two

C Islamic Investment Banks only deal with Islamic projects and transactions, including customers that are Islamic

D Investment Banks does not have anything to do with any Shari'ah compliant services and transactions

6. At the institutional level, the Islamic Financial Services Act (IFSA) 2013 requires all Islamic financial institutions through their _____________ to ensure that their business objectives and operations are Shariah compliant at all times.

A Shariah Advisory Council B Shariah Supervisory Board

C Shariah Supervisory Bill D Shariah Advocate Council

7. What is the permissible % benchmark that was determined by the Shariah Advisory Council (SAC) of the Securities Commission for the criteria on rental from non-permissible activities?

A 15% B 10%

C 5% D 20%

8. What is the stock exchange of Malaysia

A Kuala Lumpur Stock Exchange B NYSE

C Nasdaq D Bursa malaysia

9. Shariah screening methodology was formulated by the __________ of Malaysia to assist investors in identifying Shariah-compliant securities.

A Shariah Advisory Council (SAC) of Bank Negara Malaysia (BNM)

B Shariah Supervisory Board (SSB) of Bank Negara Malaysia (BNM)

C Shariah Supervisory Board (SSB) of Securities Commission (SC)

D Shariah Advisory Council (SAC) of Securities Commission (SC)

10. ________ can be derived as speculation in investment which is prohibited in Islamic transaction.

A Gharar B Riba'

C Maysir D Hoarding

Answer Key

1. d 2. b 3. b 4. b

5. a 6. b 7. d 8. d

9. d 10. c

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