a. Briefly explain TWO (2) disadvantages of the forward contract and briefly explain how the futures contract addresses these two shortcomings. (4+4-8 marks) b. In practice, most derivative transactions end with cash settlement instead of physical delivery Briefly explain what is meant by "cash setlement". Provide TWO (2) reasons why cash settlement is typically preferred over physical delivery. (3 +4-7 marks) c. Some scholars are of the opinion that futures contracts are not permissible from a Shari'ah point of view, arguing that the futures contract contain excessive uncertainty or gharar. Provide TWO (2) counterarguments that have been used by other scholars who advocate that futures contracts are permissible from a Shari ah perspective (to argue that there is no or little gharar)