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Islamic Trade Financing
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Question 1 |
What are the services normally offered by the banks in order to facilitate international trading
project finance, trade finance and corporate finance | |
trade finance, project finance, foreign exchange transaction and corporate finance | |
trade finance, foreign exchange transaction and corporate finance | |
project finance, foreign exchange transaction and corporate finance |
Question 2 |
The main purpose of foreign exchange is...
to convert and trade foreign currencies | |
to invest money in foreign countries | |
to borrow money from foreign countries | |
to do import and export |
Question 3 |
letter of credit can be issued under three contracts which are....
wakalah, murabahah and Mudharabah | |
Mudharabah, kafalah and musyarakah | |
Al-Dayn, wakalah and mudharabah | |
wakalah, murabahah and musyarakah |
Question 4 |
There are three (3) parties involved in Islamic factoring:
The receivable, debtor and factor | |
The receivable, creditor and factor | |
The receivable, debtor and creditor | |
The creditor, debtor and factor |
Question 5 |
Islamic Acceptance Bills can be done under two (2) Shariah concepts such as....
Mudharabah and Al-Dayn | |
Murabahah and Al-Inah | |
Mudharabah and Al-Inah | |
Murabahah and Al-Dayn |
There are 5 questions to complete.