ECONOMICS (CBSE/UGC NET)

ECONOMICS

FINANCIAL MARKETS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
which are the vital components of Malaysia’s Islamic Finance System
A
governance
B
professional service
C
financial markets
D
financial players
Explanation: 

Detailed explanation-1: -The Malaysian financial system is structured into two major categories, Financial Institutions and Financial Market. The Financial Institutions comprise Banking System and Non-bank Financial Intermediaries.

Detailed explanation-2: -The Islamic financial system encompasses the Islamic banking system, Islamic money market, Islamic insurance or takaful, Islamic capital market and the specialised financial institutions which provide alternative sources of financing.

Detailed explanation-3: -Islamic Financial Planning incorporates 5 main elements, namely: wealth creation, wealth accumulation, wealth protection, wealth purification and wealth distribution.

Detailed explanation-4: -ZAKAT & TAX PLANNING. ISLAMIC INVESTMENT. PLANNING. RISK MANAGEMENT & TAKAFUL PLANNING. CASH FLOW & LIABILITY. MANAGEMENT. WEALTH PRESERVATION. More items

There is 1 question to complete.