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Pre -Test Sukuk Structures
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1. Sukuk can be divided into four types of contracts namely Contract of Sale, Contract of Leasing, Participatory Contract and .............
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Agency and Principal Contract
Contract of promise
Futures contract
Contract of commodity
2. In the case of Murabahah and Bai’ Bithaman Ajil (BBA) Sukuk, the name for the Sukuk is to reflect the contract that created the …………………between the Issue/Obligor and the subscribers (Investors).
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link
promises
indebtedness
structure
3. In Tawarruq, instead of buying and selling between two parties, the arranger acts as ………………. or purchasing and selling agent to trade commodities on behalf of the Issuer.
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debtor
wakeel
mudharib
creditor
4. In Ijarah Sukuk, the Sukuk holder bears all the cost of maintenance on the asset. In normal practice, the maintenance is assigned back to the Issuer through ……………. agreement.
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partnership
agency
sales
debt
5. In Musharakah Sukuk, the ……………… is distributed among the partners in pre-agreed ratios, while the …………….. is borne by every partner strictly in proportion to respective capital contributions.
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profit, loss
profit, cost
loss, profit
loss, cost
6. Istisna’ Sukuk represents ownership of the asset to be …………………….. under the Istisna’ contract.
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surrendered
waived
constructed
dissolved
7. Sukuk Wakalah bi al-istithmar refers to certificates of equal value evidencing the certificate holder’s …………………… ownership in the investment assets pursuant to their investment through the investment agent.
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undisclosed
disclosed
undivided
divided
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