Shariah Refresher

Which of the items below are included in the six Ribawi items that is stated in a famous hadith? (Can select more than one)

• Gold

• Bronze

• Salt

• Silver

• Crude Palm Oil

What is the primary resources of Shariah

• Al-Quran, Sunnah and Qiyas only

• Al-Quran, Sunnah, Ijma' and Qiyas only

• Al-Quran, Sunnah, Ijma' and Istishab only

• Man-made principles

There are 3 main prohibition in Islamic transaction which includes: (choose 3)

• Maysir (Gambling)

• Gharar (Uncertainty)

• Haggling

• Riba

• Loan

In BIBD Tawarruq Financing, BIBD will act as an agent on behalf of customer to...

• sell the commodity back to the customer

• sell the commodity to 3rd party

• buy the commodity from the customer

• buy the commodity from the bank

What Shariah concept does BIBD use currently for CASA (Current Account Saving Account)?

• IMBT (Ijarah Muntahiya Bittamlik)

• Wadiah

• Wakalah

• Hibah

• AITAB (Al-Ijarah Thumma Al-Bai')

New Islamic products have to be approved prior to implementation by the following bodies:

• SAB & Shariah Division

• SAB & SFSB

• SAB, SFSB & Shariah Division

• SAB, SFSB, Management & Shariah Division

Islamic Banking in Brunei is governed by...

• SAB Order 2008, SFSB Order 2006

• Banking Order 2003, SFSB Order 2006

• Islamic Banking Order 2008, SFSB Order 2006

• Islamic Banking Order 2008, Shariah Penal Code Order 2013

Ali sell his car to Abu with deferred payment. Abu sell back the car to Ali by cash. What is the Syariah concept used?

• Bai' Bithaman Ajil (BBA) / Inah

• Bai' Murabahah

• Bai' Musyarakah

• Bai' Tawarruq

• All of the Above

The key Internal Shariah Compliance Control Functions according to Syariah Governance Framework (SGF) are:

• Shariah Review, Shariah Audit & Shariah Advisory Body

• Shariah Review, Compliance Department & Shariah Division

• Shariah Review, Shariah Risk Management & Internal Audit

• Shariah Review, Shariah Audit, Shariah Risk Management & Shariah Research

The main roles and responsibilities of the SAB is to:

• advise the Bank from any Criminal Laws activities

• advise the Bank in ensuring that its business and operations do not involve any element which is contrary to Hukum Syara’

• advise the Bank on its commercial business and operations

• advise the Bank on Regulatory requirement