CHOOSE MULTIPLE CHOISE NO NEED TO EXPLAIN 8. Which of the following are TRUE regarding key features of modern day capital markets? 1. They are organized markets such that transactions are performed according to certain principles, norms and rules known and accepted by market players. II. The vehicle used for capital circulation is typically represented by securities in the form of debt or equity. III. Instruments used in capital markets are usually short-term in their tenure. IV. Capital market instruments commonly have very little, if any, risk; hence their popularity. 10. Which of the following is a relatively recent innovation in Sukuk? A. Asset-based Sukuk Al-Ijarah B. The use of the concept of bay' al-'inah to structure a Sukuk. C. Sukuk structured using the concept of sale and leaseback D. Perpetual Suku