1. The government of Malaysia through the advice of Bank Negara Malaysia issue debt securities to raise funds from the domestic capital market for development expenditure.

Describe at least TWO (2)financial instruments issued by the government that is basedon Islamic principles?

2. Outline the main function of the Shariah Advisory Council (SAC) under the Security Commission (SC) of Malaysia.

3. Elaborate the reasons why the SAC do not give their opinion on the Shariah status of Yenher Holding Berhad prior to its listing on Bursa Malaysia.

4.Discuss the term Shariah risk and elaborate how such risk is mitigated.