Reference no: EM132961616
Problem 1: Islamic Bank Guarantee and Islamic Shipping Guarantee are based on the same Shariah principles. They are;
A) Murabahah and Kafalah
B) Kafalah and Wakalah
C) Mudharabah and Kafalah
D) Kafalah and Bai Al-Inah
Problem 2: Which of the following statement about Islamic interbank money market is NOT TRUE?
A) The overnight market is where the Islamic Financial Institutions trade their reserve balances among themselves to meet their day-to-day liquidity requirements.
B) Islamic Interbank money market is a place where banks trade money market instruments among themselves.
C) A short-term market rate, in particular the interbank overnight rate, may be used to serve as an operational guide for monetary operations of central banks.
D) The Shari'ah contracts typically used in the Islamic interbank market are Mudharabah, Murabahah, Bay' al-dayn, Bay' al-Inah and Wakalah.