Description
General Instructions – PLEASE READ THEM CAREFULLY
The Assignment must be submitted on Blackboard (WORD format only) via the allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well-presented; marks may be reduced for poor presentation. This includes filling in your information on the cover page.
Students must mention question numbers clearly in their answers.
Late submissions will NOT be accepted.
Avoid plagiarism. The work should be in your own words. Copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
Submissions without this cover page will NOT be accepted.
Learning Outcomes:
CLO2. Appreciate the rationale behind the development of the Islamic finance industry.
CLO3. Recognize the key Islamic financial contracts, Murabaha and Musharaka contracts, Ijara and Istisna’a financing methods, as well as Salam and Takaful insurance
Assignment 2 Questions
Q.1. In what sense is Salam an asset-based or equity-based source of finance? (Chapter 4)
(300 words) (3 Marks)
Q.2. Istisna is a long-term contract for major assets. What are the challenges related to this? (Chapter 4)
(300 words) (3 Marks)
Q3. A small start-up construction company has won the bid to build a school playground. The company needs one excavator to dig the ground at the start of the construction project. The company does not have the finances to buy the excavator. Suggest two possible products from Islamic finance to the company. Of the two solutions, which is better and why? (Chapter 5)
(400 words) (4 Marks)
I need at least 6 references
Unformatted Attachment Preview
المملكة العربية السعودية
وزارة التعليم
الجامعة السعودية اإللكترونية
Kingdom of Saudi Arabia
Ministry of Education
Saudi Electronic University
College of Administrative and Financial Sciences
Assignment 2
Islamic Finance (FIN-416)
Deadline: 11/11/2023 @ 23:59
Course Name: Islamic Finance
Student’s Name:
Course Code: FIN 416
Student’s ID Number:
Semester: First
CRN:
Academic Year:2023-24-1st
For Instructor’s Use only
Instructor’s Name:
Students’ Grade: / 10
Level of Marks: High/Mid/Low
General Instructions – PLEASE READ THEM CAREFULLY
•
•
•
•
•
•
•
•
The Assignment must be submitted on Blackboard (WORD format only) via the
allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well-presented; marks may be reduced
for poor presentation. This includes filling in your information on the cover page.
Students must mention question numbers clearly in their answers.
Late submissions will NOT be accepted.
Avoid plagiarism. The work should be in your own words. Copying from students or other
resources without proper referencing will result in ZERO marks. No exceptions.
All answers must be typed using Times New Roman (size 12, double-spaced) font. No
pictures containing text will be accepted and will be considered plagiarism).
Submissions without this cover page will NOT be accepted.
Learning Outcomes:
CLO2. Appreciate the rationale behind the development of the Islamic finance industry.
CLO3. Recognize the key Islamic financial contracts, Murabaha and Musharaka contracts, Ijara
and Istisna’a financing methods, as well as Salam and Takaful insurance
Assignment 2 Questions
Q.1. In what sense is Salam an asset-based or equity-based source of finance?
(Chapter 4)
(300 words) (3 Marks)
Q.2. Istisna is a long-term contract for major assets. What are the challenges
related to this? (Chapter 4)
(300 words) (3 Marks)
Q3. A small start-up construction company has won the bid to build a school
playground. The company needs one excavator to dig the ground at the start of the
construction project. The company does not have the finances to buy the excavator.
Suggest two possible products from Islamic finance to the company. Of the two
solutions, which is better and why? (Chapter 5)
(400 words) (4 Marks)
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