Question 1

i.

ii.

Below are all sources of funds, except; A. Capital and reserves B. Borrowings C. Loan and Advances O D. Currency In 2008, International Islamic Banking (IIB) licenses were issued to various banks, such as Unicorn International Islamic Bank, and First Islamic Investment Bank. What is the purpose or the function of this license? A. Allow the bank to provide Islamic commercial and investment services denominated in foreign currencies. B. Allow the bank to charge profit rate to both conventional and Islamic banking customers. C. Allow the bank to collect deposits and place in Islamic deposits account. D. Allow the bank to hire foreign brokers and agents for investments in Islamic deriavative