Which are the steps of islamic personal financing

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Problem 1: The following are the steps of Islamic personal financing based on Tawarruq, EXCEPT;

A) Bank sells commodity to customer at Murabahah.

B) Bank buys commodity from commodity broker once bank receives customer request.

C) Instruct agent to dispose commodity for immediate settlement.

D) Bank pays purchase price of commodity to customers.

Problem 2: The following are the roles of Bursa Malaysia in Islamic Capital Market development EXCEPT;

A) Regulatory and risk management duties.

B) Explore for potential growth and develop infrastructures of Islamic Capital Market.

C) Develop dual market systems.

D) Encourage companies to be Shari'ah compliant.

Reference no: EM132961619

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