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Exam1 > Non-traditional asset Classes > Flashcards

Non-traditional asset Classes Flashcards

1
Q

Takaful

A

Mutual/cooperative arrangement under which takaful participants DONATE regular contributions to the takaful operator, any profits being SHARED between the participants and operator

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2
Q

Sharia compliant bonds(3 key elements)

A
  1. Maturity value payable must be based on the current market value of the assets/enterprises
  2. Holders must receive a share of profits derived from those assets/enterprises
  3. They must represent an ownership share in the assets or commercial/industrial enterprises
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3
Q

Investment Funds in Islamic Finance

What needs to be Sharia compliant?

A
  1. Investment Funds
  2. Investment Process

—investment fund manager need not be

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4
Q

Maysir

A

Acquisition of wealth by chance rather than effort.

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Exam1 (7 decks)

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