Islamic Accounting

Islamic Accounting

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Question 1 [CLICK ON ANY COICE TO KNOW RIGHT ANSWER]
Which of the following statements is not CORRECT about Islamic Capital Market?
A
It plays a vital role in attracting savings
B
it ensures efficient resource mobilisation and allocation.
C
It directly affects the supply of funds for investment.
D
It provide short term equity and debts instruments only.
Question 2 [CLICK ON ANY COICE TO KNOW RIGHT ANSWER]
The followings are the benefits of sukuk EXCEPT
A
It provide avenue to source for large funding.
B
It can be traded in the secondary market for liquidity need.
C
It provide source of funding for corporate and government.
D
It provide risk free investment vehicle to the investors.
Question 3 [CLICK ON ANY COICE TO KNOW RIGHT ANSWER]
The following are category of objectives of Shari'ah EXCEPT
A
Essentials (Daruriyat)
B
Donation (Tabarru'at)
C
Embellishments (Tahsiniyyat)
D
Complementary (Hajiyyat)
Question 4 [CLICK ON ANY COICE TO KNOW RIGHT ANSWER]
Accounting for for Islamic Finance is all about the following EXCEPT
A
Initial Measurement and Recognition of transactions.
B
Subsequent measurement and de-recognition of transactions.
C
Presentations and disclosures of transactions.
D
Accounting according to AAOIFI standards.
Question 5 [CLICK ON ANY COICE TO KNOW RIGHT ANSWER]
Murabahah Financing is a Show answers
A
Liability to Islamic banks
B
liability to the customer
C
Asset to the customer
D
Qausi-equity to the customer
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There are 5 questions to complete.