1. The structure of Islam is founded on pillars. Just as the strength and stability of any structure depends on the supporting pillars, the strength and stability of Islam depends on its pillars. Muslims are duty-bound to acquaint themselves with the nature of Islam's pillars. Discuss the five important of pillars of faith in Islam in detail. (5 marks) 2. A well-established Shariah Governance framework is important for a comprehensive regulatory and supervisory infrastructure Islamic banks will have to adhere to this framework for guidance on the compliancy of their practices, hence making it vital for the future of Islamic finance. The significance of Shariah governance is highlighted by the fact that if we have an inadequate infrastructure the compliance of Islamic finance to Islamic laws can be challenged. The Islamic Banking products and operations are completely different from Conventional Product Islamic Bankers must follow the rules and regulations which are governed by the shariah Supervisory Board, Illustrate and examine any five different functions which is performed by shariah supervisory Board(SSB)in regulating the Islamic Banking infrastructure (5 marks) 3. Islam has different valid principles to follow in respect to saving and investment, and it is considered as the route of the Islamic economy, Islam prohibits predetermined pricing of capital, the Islamic position is that if a loan is given or taken for moral or humanitarian reasons, the principal amount should be protected and any excess on that is forbidden as immoral and exploitative, If loan or investment is made for economic reasons, then the owner of capital has no right to demand a fixed rate of return. One cannot legitimately ask for any additional payment without sharing the risk of business and with all the other operations. Outline the five Important principles of Islamic Banking