Islamic Finance_Final Exam _Online____Version 2

Department of Commerce, B. Z. University, Multan

20-07-2020, Marks: 50

Instructions for the exam

1. Please provide your answers as handwritten.
2. Write your name and roll number on top of each answer sheet which must be numbered.
3. Answer your question by providing “answer to question 1” for example. Do not reproduce the
question pl.
4. Having finished the exam, scan it and send it by email at dcomexam@gmail.com with a Cc at
theislamicfinance2020@gmail.com
5. Do not submit your paper in the group.
6. The answer sheet should reach within 15 minutes after the exam time is over. Delay in submission
would lead to deduction of marks.
7. If the exam is not submitted within 15 minutes, you will be awarded zero marks.

Question 1: Describe the methods used in allocating the takaful surplus. [6]
Question 2: What are the main causes of operational risk? [6]
Question 3: Explain the difference between Islamic and Conventional Microfinance. [6]
Question 4: Describe the different types of ijarah sukuk. [6]
Question 5: Explain the following terms. [6]
A. Displaced Commercial risk
B. Shariah non-Compliance risk

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