Sukuk is a ________ kind of structure.

• A) Hyper
• B) Hybrid
• C) Dual
• D) Simple

In which of the following risk does the loss of income arises as a result of a delay in payment on time by other parties in full or contractually agreed?

• A) Operational risk
• B) Market risk
• C) Credit risk
• D) Reputational risk

Which of the following financing is also called hire purchase mode of financing?

• A) Ijara Wa Itina
• B) Ijara Wa Iqina
• C) Ijara Wa Iqtina
• D) Ijara Wa Ina

In which of the following contract does the seller disclose the cost and profit to the buyer.

• A) Mudarabah
• B) Mussawama
• C) Musharaka
• D) Murabaha

Which of the following is a valid level on which an Islamic bank can face the risk?

• A) Instruction level
• B) Exist level
• C) Industry level
• D) Entry-level

The subject matter of insurance is _____________.

• A) Premium
• B) Risk
• C) Profit
• D) Loss

An increase in market risk may result in an increase in which of the following risk?

• A) Credit risk
• B) Card risk
• C) Cover risk
• D) Cancellation risk

The bank personnel fails to check the tankful cover on the property in diminishing Musharaka is an example of which of the following?

• A) Liquidity risk
• B) Market risk
• C) Operational risk
• D) Interest rate risk

Which of the following could be the stages in an Istisna based transaction from the management viewpoint?

• A) Six
• B) Two
• C) Eight
• D) Five

From the seller’s point of view, which of the following will be used to mitigate operational risk in a Salam transaction?

• A) Audit, Training and Technology
• B) Technology
• C) Audit, trafficking and trade
• D) Training and Technology and Accounting

Which of the following risk exists in all modes of financing?

• A) Cancellation risk
• B) Credit risk
• C) Made up risk
• D) Exchange rate risk

Which of the following risk can occur due to fake social media news?

• A) Rational risk
• B) Reputational risk
• C) Repeating risk
• D) Rejection risk

In sukuk risk of default comes from _________.

• A) Obtaining
• B) Obigee
• C) Obligor
• D) Observer

In which of the following, there involved many steps, institutions and countries?

• A) Salam
• B) Istisna
• C) Murabaha
• D) Insurance

Which of the following will be used to mitigate the commodity/asset price risk in a Salam transaction?

• A) Profitability Salam
• B) Practical Salam
• C) Practice Salam
• D) Parallel Salam

<p>In a Murabaha mode of financing supply related risk mean the supplier has delayed the delivery of the goods or asset.</p>

• A) <p>False</p>
• B) <p>True</p>
• C)
• D)

PSIAs stand for:

• A) Profit-sharing investment amounts
• B) Profit-sharing investment accounts
• C) Profit shrinking investment accounts
• D) Profit-sharing internal accounts

From Shariah view point there are some ___________ with insurance.

• A) Rare issues
• B) Unrated issues
• C) Unreal issues
• D) Real issues

In an _______________, risk is not something that can be Bought and Sold.

• A) Islamic economic framework
• B) Eastern economic framework
• C) American economic framework
• D) African economic framework