Indicate T for True and F for False.

1. All stock undergoing IPO process need to go for Shariah screening by the Shaarih Advisory Council before it is offered for sale.

2. Dual banking system of a country or territory is where it incorporates both the conventional and Islamic financial system.

3. There is direct justification for salam contract in the Quran.

4. Like any other security listed in Bursa Malaysia, the Danainfra Nasional ETBS has to be purchased in round lots of 100 units.

5. The sharing of profit and loss in a musharakah agreement is according to the fixed amount that has been agreed by the partners at the beginning of the contract.

6. The I-REITs is a hybrid type real estate investment trust. F

7. In the Islamic interbank money market, the prevalent securities traded is the MII.

8. The first Malaysian government Islamic security was the GIC (Government Investment Certificate) under qardul hassan.

9. Compared to organised tawarruk, the original tawarruk is accepted by all the jurists.

10. All commodities are suitable for Tawarruq but usually metals, palm oil and others are being used.

11. The tawarruk contract is prevalent in the sourcing and usage of fund in Islamic banks.

12. The Islamic Financial Services Act (2013) is the governing law for Islamic financial institutions and the Islamic financial market.

13. In sukuk ijarah model, commodities such as metal form the underlying asset.

14. The main difference between hawalah and kafalah is that the principal debtor is released from the debt under hawalah contract whereas kafalah is not.

15. The Shariah stocks screenings in the New York stock exchange and the London stock exchange are more stringent than the SAC screenings.