This exam carries 30% of the final grade. Good luck! Please do not leave your se

Question

This exam carries 30% of the final grade. Good luck! Please do not leave your seat unless you are given permission by an Invigilator. Do not communicate in any way with any other candidate in the examination room. Do not open the question paper until told to do so. All answers must be written in the answer book(s) provided. All rough work must be written in the answer book(s) provided. A line should be drawn through any rough work to indicate to the examin examination, remain seated until your answer book(s) have been collected and you have been told you may leave. er that it is not part of the work to be marked. At the end of the (Marks 10) Holders of Shirakah Sukuk (a) (b) (c) (d) 1. own the firm receive interest payments receive guaranteed income have loaned money to the firm One of the primary objectives of Islam (maqasid al-shari'ah) is (a) (b) (c) (d) 2. in the context of financial market increase the inequalities of income reduce the employment level increase the poverty risk sharing by the financier 3. Rate of profit is (a) (b) (c) (d) only known ex-post changing daily like the rate of interest predetermined none of the above

Explanation / Answer

1)these are common ownership of units of equal value. These are ideal for borrowing the finance large commercial venture, such as factory expansion or construction protection. So here option is A.

2)here option is D. Primary objective of Islam in the context of financial market is to risk sharing by the financer.

3)rate of profit is predetermined. Here option is C.

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