(Question 1) (a) Islamic financial market was first been introduced in Malaysia in year 1983 with the establishment of first Islamic bank called as Bank Islam Malaysia Berhad. Justify the objectives of Islamic financial system. (15 marks) (b) As the Covid-19 pandemic spreads and Movement Control Order (MCO) are maintained to limit escalation, the impact of this pandemic is felt beyond the public health sector. Analyze the challenges of Islamic financial institution faced during this period. (10 marks) 4