ITCM Day 2

Question 1

Sukuk Murabahah was issued at discount. The redemption is guaranteed at face value

Accepted Answer

Permissible

Question 2

Why Bai' Dayn Bi Sila' is permissible

Accepted Answer

due to exchange of debt with commodity

Question 3

There is issuer undertaking to top up the actual profit of Sukuk Musyarakah in all events

Accepted Answer

Impermissible

Question 4

Shariah approved shares can be traded without need to satisfy the ruling of currency because

Accepted Answer

1/3 or 51% or 2/3 of its composition is tangible assets

Question 5

Securities are subscribed and traded based on the Shariah ruling of trading.......

Accepted Answer

beneficial ownership

Question 6

Secondary trading of sukuk consists of debt, receivables and cash is

Accepted Answer

Bai Dayn

Question 7

Some securities are issued based on auction process who bid the best price will be the holder?

Accepted Answer

Allowed as per Bai Muzayadah

Question 8

After RPS turned as SNC, it pays bonus RM250k. Current value is RM150m. Purchase was RM125m.

Accepted Answer

500k

Question 9

Shall the org report status of Shariah compliance of shares holding on regular basis

Accepted Answer

Yes

Question 10

The only RPS that allowable under Shariah

Accepted Answer

non-cumulative RPS

Questions 10