One of the steps to follow to develop an investment fund which has been structured to adhere to Shari'ah principles whilst at the same time making use of forfaiting assets was
A) the fund sponsors had to be careful in ensuring that the pool of non-Islamic forfaiting assets was not used to directly satisfy the Islamic compliant obligations under the commodity and trade financing arrangements.
B) screening is required to ensure that the products underlying the LCs do not run counter to Shari'ah principles.
C) there had to be a sign off by Islamic scholars to verify that Shari'ah strictures had been met with.
D) all of the options
Correct Answer:
Verified
Q40: In a forfaiting transaction,the forfait
A)buys the notes
Q41: Through its Export Credit Insurance Program,Ex-Im bank
Q42: A typical foreign trade transaction requires which
Q43: Arguments in favor of countertrade include benefits
Q44: In the event of a default
A)the forfait
Q46: A buy-back transaction
A)is also called a bilateral
Q47: Under the terms of Islamic finance (Shari'ah)
A)selling
Q48: The armed forces of _ leads all
Q49: Countertrade transactions
A)are included in official trade statistics.
B)are
Q50: Among the reasons put forth for government
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