7- What is the "window concept" in Islamic banking system in Bahrain? O a. Bahraini Islamic bank with operations in non-Muslim countries. O b. Conventional bank establishes Islamic bank as its own subsidiary. O c. Conventional bank also provides Islamic banking products and services to their customers. O d. Conventional bank operates in Muslim countries.

8- Mudarabah is O a. a partnership in which rubs al-mall have no right to interfere in the management of the business O b. a partnership that requires all partners to contribute capital into the business O c. none of them O d. limited to no more than two partners

9- is not a key operating mechanisms of Islamic banking and finance industry. O a. fund utilisation O b. leasing mode O c. takaful/retakaful O d. fund mobilization

10 - A major factor that contributes to Gharar is O a. Risk-sharing O b. Rent of borrowing O c. Equity-based financing O d. Complexity in contracts

11 - Ahmed sells to Hasan a car which is currently owned by Abdulla, but Ahmed is hopeful that he will buy it from Abdulla and shall deliver it to Hasan subsequently. O a. The sale is valid, as the car is a subject of value O b. The sale is invalid, as the car was not owned by Ahmed at the time of sale O c. The sale is valid, as the car is owned by Abdulla who is a friend of Ahmed. O d. The sale is valid, as it is considered Bai' Bithaman Ajil (deferred sale)