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QUESTION 5 (20 MARKS) (a) Describe any TWO (2) Shariah-compliant non-interest bearing money market instruments utilized by Bank Islam Malaysia Berhad to manage its liquidity

QUESTION 5 (20 MARKS)

(a) Describe any TWO (2) Shariah-compliant non-interest bearing money market instruments utilized by Bank Islam Malaysia Berhad to manage its liquidity positions. (6 marks)

(b) Differentiate the concepts of Kafalah and Wakalah in Islamic finance (4 marks)

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