1-Which of the following statement in relation to sales-based Riba is NOT TRUE?

A-Any exchange between Ringgit Malaysia and Japan Yen currencies must be conducted in cash terms only.

B-An RM 10.00 notes bearing special serial number to be sold at RM 250.00 as collection.

C-The payment for the sale of wheat using silver may be made in credit.

D-Exchange between gold and silver must be made on the spot.

2-Kamila bought a Suzuki Polo last 2 years for RM 50,000. She paid RM 5,000 as down payment and secured a Hire-Purchase financing for the balance at 3.5% profit rate for 8 years. How much is the monthly instalment of the car?

A-RN550

B-RM600

C-RM650

D-RM700

3-Haleeda can afford to put RM 15,000 in a Wadiah Savings account today that pays 5% compounded annually. How much will Haleeda have 5 years from now if she doesnt make withdrawals from the account? *

A-RM 19,000

B-RM 19,144

C-RM 19,544

D-RM 20,500

4-A woman dies leaving behind a husband, a daughter, and a son. What is the entitlement of her heirs? *

A-Husband (3/24), Daughter (7/24), Son (14/24)

B-Husband (6/12), Daughter (3/12), Son (3/12)

C-Husband (3/12), Daughter (6/12), Son (3/12)

D-Husband (3/12), Daughter (3/12), Son (6/12)

5-100,000 unit of shares of a public company worth RM700,000 were bought in Januari. All the shares were bought with borrowed money. At the date of hawl completion, the worth of the shares has fallen to RM650,000. What is the basis of zakat calculation for the shares? *

A-RM700,000 times 2.5%

B-RM650,000 times 2.5%

C-No zakat because the shares were bought with borrowed money.

D-100,000 shares times 2.5%