Professional Documents
Culture Documents
Summer 2021
The Institute of Bankers Pakistan
Instructions:
i.
Attempt ALL questions;
ii.
Answers must be neat, relevant and brief;
iii.
In marking the question paper, the examiners take into account clarity of exposition, presentation and
language;
iv. Read the instructions printed inside the top cover of answer script CAREFULLY before attempting the
paper;
v. DO NOT write your Name, Access No or Roll no. etc. anywhere inside the answer script(s);
vi. Candidates are advised not to mark any of the objective answer on the question paper, otherwise their
paper will be cancelled;
vii. Question Paper must be returned to invigilator before leaving the examination hall.
SECTION B: SUBJECTIVE
Q2. Identify the status of the contract (void/ valid/ voidable) and mention the reason. (06 Marks)
I. Mr. Raheel sells 10 Liter Mobil oil to Mr. Najam, on the condition that Mr. Najam will pay the price
on 5th of next month on market prevailing rate on that date.
II. Mr. Aqeel a car dealer who own Ten Sedan car of model 2019 says to Mr. Rehan “ I sell one of the
car to you for Rs 1,000,000/-
III. Asher a car dealer has purchased a car from Yousuf. Yousuf has not delivered the car to Asher yet.
However, Mr. Asher sells car to Mr. Rehan by describing specification of car.
Q3. State any FIVE risks that are associated in Musharakah financing. (10 Marks)
Q4. A. State any FOUR differences between Conventional Leasing and Ijara. (08 Marks)
B. Briefly explain Islamic Factor of Productions. . (05 Marks)
Q5. Briefly explain following Modes of Islamic Finance along with example: (06 Marks)
I. Rental Based Modes
II. Participation Based Modes
III. Sale Based Modes