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Chapter 3 Islamic Money Market

Authored by NAJIHAH RAZAK

Financial Education

12th Grade

Used 1+ times

Chapter 3 Islamic Money Market
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a Shariah-compliant short-term debt instrument issued by the Malaysian government?

Sukuk Al-Ijarah

Malaysian Islamic Treasury Bills (MITBs)

Islamic Negotiable Instruments of Deposit (INID)

Islamic Accepted Bill (IAB)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a Commodity Murabaha transaction, the selling price includes:

Cost plus a profit margin

Interest payments

Only the cost price

A discount on the commodity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which instrument allows a financial institution to manage liquidity by issuing negotiable debt based on Shariah principles?

Qard

Negotiable Islamic Debt Certificate (NIDC)

Mudarabah

Wakalah

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: Islamic Negotiable Instruments of Deposit (INID) generate interest for the investor.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The underlying principle used in a Wakalah contract is:

Profit-sharing

Agency

Leasing

Sale of debt

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a characteristic of Malaysian Islamic Treasury Bills (MITBs)?

They are issued at a discount.

They are Shariah-compliant.

They pay fixed interest to investors.

They are short-term debt instruments.

7.

OPEN ENDED QUESTION

3 mins • 1 pt

Fill in the blank: In an Islamic Accepted Bill (IAB), the bank typically finances trade-related activities such as __________.

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