Islamic Trade Financing

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Islamic Trade Financing

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

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