One of the Steps to Follow to Develop an Investment

question 96

Multiple Choice

One of the steps to follow to develop an investment fund which has been structured to adhere to Shari'ah principles whilst at the same time making use of forfaiting assets was

• A)the fund sponsors had to be careful in ensuring that the pool of non-Islamic forfaiting assets was not used to directly satisfy the Islamically compliant obligations under the commodity and trade financing arrangements.
• B)screening is required to ensure that the products underlying the LCs do not run counter to Shari'ah principles.
• C)there had to be a signoff by Islamic scholars to verify that Shari'ah strictures had been met with.
• D)all of the above

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Definitions:

Deviant

Behaviors, actions, or traits that violate societal norms and expectations, often eliciting negative social reactions.

Criminal Behavior

Conduct that violates legal statutes, including actions that are punishable by law.

Identify With

To feel a close connection or affinity with something or someone, often sharing characteristics or beliefs.

Social Control

Mechanisms, strategies, and institutions society employs to maintain normative behavior among its members.