QUESTION FOUR (a) (b) (c) (d) In relation to Islamic Finance, explain the following terms: (i) Sukuk. (ii) Gharar. (iii) Explain the term "personal financial management". Examine four benefits of managing personal finance efficiently. (2 marks) (2 marks) (2 marks) Arctic Developers Ltd. deals in the construction and sale of residential homes. The company is evaluating different forms of paying dividends to its shareholders. Musharakah. The following information relates to Kabaka Ltd. for the year ended 31 March 2021: Sh."000" 12,000 12,000 80,000 In relation to the above statement, advise the company on four forms of paying dividends that it could adopt. (4 marks) Profit after tax 10% Debenture Ordinary share capital (Sh.20 par value) 1. 2. Additional information: (0) (ii) The market price per share is Sh.72. The corporate tax rate is 30%. Required: Calculate the following ratios: (2 marks) Times interest earned ratio. (4 marks) Price earnings ratio. (2 marks) (2 marks) (Total: 20 marks)