Choose multiple choice questions. 1. The Shari'ah Advisory Council of Securities Commission Malaysia stipulates that ima

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Choose Multiple Choice Questions 1 The Shari Ah Advisory Council Of Securities Commission Malaysia Stipulates That Ima 1 (139.46 KiB) Viewed 50 times

Choose multiple choice questions. 1. The Shari'ah Advisory Council of Securities Commission Malaysia stipulates that image is one of the criteria that is taken into consideration in the approval of listed securities on Bursa Malaysia. Suppose a particular company is involved in the manufacturing of condoms. In determining the Shari'ah compliant status of such a business, which of the following sources of the Shari'ah is most likely the most specifically relevant? A. Ijma' B. Sadd al-Dhara'i C. 'Urf D. Qiyas 2. The Shari'ah Advisory Council of Securities Commission Malaysia in one of their recent rulings have stated that hotels are no longer categorized as an impermissible business sector. On the other hand, according to the Dow Jones Shari'ah stock screening norms, hotels remain as a business sector that is considered as nonShari'ah compliant. Such a situation illustrates, most directly, which Islamic legal (fiqh) principle in operation? A. Principle of Permissibility in Formulating Contracts B. Principle of Juristic Differences (Ikhtilaf) C. Principle of Risk-Reward D. Principle of Justice 3. Based on the Shari'ah stock screening criteria set by Dow Jones, which of the following companies would be categorized as non-Shari'ah compliant? I. Guns 'n Ammo Ltd. is in the business of weapons manufacturing. The firm's total debt is 32% of its average market capitalization. II. Awesome Homes Ltd. constructs and sells residential real estate. The firm's total accounts receivable is 24% of its average market capitalization. III. The main business of XYZ Ltd. is clothing retail. However it has a small business division that sells wine and liquor. The company does not do any income or dividend purification. A. I and II only. B. I only. C. III only. D. I and III only.