Reference no: EM132961627

Problem 1: The benefits of Islamic Working Capital Financing are as follow EXCEPT;

A) Provide flexibility in utilization of customer's credit facility.

B) Competitive pricing and margin of financing.

C) No commitment fee on unutilized limit.

D) Only national accepted Shariah concept used.

Problem 2: Any of two (2) roles and functions of Securities Commission are;

i) To ensure speedy processing and approval of corporate transactions.

ii) To influence the credit situation to the advantage of Malaysia.

iii) To operate a fully integrated exchange, offering the complete range of exchange related services.

iv) To execute regulatory and investigating powers with regard to compliance under the Securities Industry Act 1983 and Securities Industry (Central Depositories) Act 1991.

A) i, ii

B) i, iv

C) ii, iii

D) iii, iv

Problem 3: The following statements are true for Banker Acceptance (BA) and Islamic Accepted Bill (IAB), EXCEPT;

A) IAB is a bill that could be accepted by the bank (IAB/export) or customer (IAB/import).

B) BA is a bill that is only accepted by the bank.

C) IAB-import/purchase is based on lending; hence interest penalty is imposed.

D) There is no restriction on only halal goods to be transacted in BA.