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16. The is a means where banks with surplus funds can invest in Islamic Banks (IBs) through the Islamic Inter-bank Money Market (IIMM). A. Qard
16. The is a means where banks with surplus funds can invest in Islamic Banks (IBs) through the Islamic Inter-bank Money Market (IIMM). A. Qard al Hassan B. Ijarah Interbank Investment C. Murabaha Interbank Investment D. Mudharaba Interbank Investment 17. The marketable government debt securities issued by the Government of Malaysia to raise funds from the domestic capital market to finance the Government's development expenditure is known as A. Government Investment Certificate B. Government Investment Issue C. Malaysia Government Securities D. Malaysia Government Notes 18. The main difference between Sukuk and conventional bonds is: A. Investors of sukuk do not get coupon interest and instead get profit or rent depending on the underlying contract. B. Sukuk is based on underlying Islamic nominate contracts that are available in Islamic commercial jurisprudence C. Sukuk is always has an underlying asset, whether asset backed or asset based D. All of the available answers are correct differences of Sukuk and bonds 19. The central bank of Malaysia chose to expand the Islamic banking services by introducing the in 1993. A. Investing in foreign Islamic banks B. Islamic Bank Window C. Granting Islamic banking licences for setting up standalone Islamic banking unit D. All of the above. 20. X is a source of deriving rulings in Islamic law. The application of X means extension of a particular ruling mentioned in the text of the Quran or Sunnah to other situations having a similar underlying rationale. X is probably A. Ijma' B. Qiyas C. Istibsaa D. Sadd al-zdhariah
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