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Answer true diff 1 page ref 334 lo 1 17 an islamic

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Answer: TrueDiff: 1Page Ref: 334LO: 117.An Islamic microfinance institution adopts debt or equitymodes of finance for itsfinancing requirements.Answer: TrueDiff: 2Page Ref: 336LO: 218. The debt-creating modes of Islamic microfinance includemudarabah(trustpartnership),musharakah(joint venture partnership), andmusaqah(share-cropping).Answer: FalseDiff: 3Page Ref: 336LO: 219.Salamis the main Islamic finance product for the deferred delivery mechanism is alsoregarded as the most viable tool for agricultural microfinance.Answer: TrueDiff: 2Page Ref: 336LO: 220.Salamis regarded as the most viable tool for financing house purchasing.Answer: FalseDiff: 1Page Ref: 336LO: 2
21.The pro-interest advocates putting a cap on interest rates (interest rate ceilings) inmicrofinance schemes as a solution to combat the rising interest rates.Answer: FalseDiff: 3Page Ref: 333LO: 222.The pro-interest advocates argue that the microfinance institutions must rely on highinterest rates to be able to carry out their objectives.Answer: TrueDiff: 2Page Ref: 333LO: 223. The interest-free Islamic microfinance framework satisfies the need to establishsustainable microfinance institutions that are user-friendly.Answer: TrueDiff: 1Page Ref: 334LO: 224.It is permissible for the parties to stipulate that thesalamcontract will be affected onthe produce of a particular field of farm or fruits from a particular tree.Answer: FalseDiff: 3Page Ref: 337LO: 225.Salam is acontract where the Islamic bank is the buyer of the commodity and thefarmer is the seller who undertakes to embark on future delivery.Answer: TrueDiff: 2Page Ref: 337LO: 226. Parallelsalamis a separate contract distinct from the initialbai salamwhere theIslamic bank is the seller of the commodity based on deferred payment.Answer: TrueDiff: 2Page Ref: 336LO: 227.Bothbai salamand parallelsalamcontracts are contingent upon the other.Answer: FalseDiff: 3Page Ref: 336LO: 2
28.If the exact specification of the goods cannot be specified such as precious stone, itcannot be a subject matter of asalamcontract.Answer: TrueDiff: 2Page Ref: 337LO: 229.Mudarabahas a mode of Islamic microfinance does not only give jobs to theunemployed but it is also a means of creating jobs.Answer: TrueDiff: 3Page Ref: 338LO: 230.Mudarabahtrust financing may be utilised in housing microfinance.Answer: FalseDiff: 2Page Ref: 338LO: 231. Mudarabah al-mutlaqah(unrestricted trust financing) is the case where the bank orIslamic microfinance institution (the capital provider) specifies or restricts thebusiness in which the capital finance may be invested.Answer: FalseDiff: 1Page Ref: 338LO: 232. Micro-takafulis put in place in order to minimise the business risks whileimplementing themudarabahmicrofinance contract.Answer: TrueDiff: 2Page Ref: 338LO: 233. Profit realised undermudarabahmicrofinance model is distributed between theIslamic MFI as the capital provider and the client as the entrepreneur based onpredetermined ration as contained in the underlying contract.

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Term
Fall
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NoProfessor
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Islamic financial institutions

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