Musyarakah Mutanaqisah contract is best describes as contract of sale with deferred payment *

TRUE

FALSE

The profit margin screening elements are typically addressed when performing Shariah screening of shares *

TRUE

FALSE

Based on the rules of Bay al Salam, the buyer required to pay a full amount in advance to the seller. *

TRUE

FALSE

Both of buyer and seller are eligible to cancel the istisna' contract before the seller begins the work. *

TRUE

FALSE

Any types of commodity are accepted for collateral in Ar Rahnu financing *

TRUE

FALSE

Cash flow performance is not one of the criteria for asset backed sukuk *

TRUE

FALSE

Salam contract is normally applied on agricultural product. *

TRUE

FALSE

In AITAB financing, the ownership remains with the bank as it is lease contract. *

TRUE

FALSE

Scholars of the Shafii school permit Bai Inah based on the the real intention of the valid transaction *

TRUE

FALSE

In AITAB Bank sells the vehicle to customer at a market value at the end of Ijarah period. *

TRUE

FALSE

Sukuk holders own identified asset in asset backed sukuk *

TRUE

FALSE

Sukuk with asset based is not shariah compliant *

TRUE

FALSE

In musyarakah mutanaqisah contract, Bank and customer share the ownership until it diminishes due to customer own hundred percent of house ownership. *

TRUE

FALSE

Salam benefits buyers as the Salam price is lower than the market price. *

TRUE

FALSE

Issues with BBA Home Financing among others are bank not act as trader and the issue of Bai Inah *

TRUE

FALSE

Preferred shares are allowed by Shariah Advisory Council of Malaysias Securities Commission due to the priority for liquidation concept in preferred shares *

TRUE

FALSE

Seller and buyer engage in Istisna contract for manufacturing a custom-made desk. *

TRUE

FALSE

Tanazul is given by common shareholders to preferred shareholders *

TRUE

FALSE

Al Bay Bithamin Ajil contract for home financing is applicable for project that are still under construction. *

TRUE

FALSE

According to majority of jurist, Bay al-inah is essentially a legal device (hilah) used to by-pass the prohibition of riba *

TRUE

FALSE