Question: ONE (25 MARKS) (a) A financial system is a set of complex interconnected institutions and systems that facilitate the flow of funds from the surplus

ONE (25 MARKS) (a) A financial system is a set of complex interconnected institutions and systems that facilitate the flow of funds from the surplus spending units directly and directly. Based on the role of Islamic financial system, explain the ways that funds are transferred between surplus spending units (SSUs) and deficit spending units (DSUs). (5marks) (b) List TWO (2) basic classifications of the Malaysian financial system. (2marks) c) List TWO (2) different components of each of the basic classifications of the Malaysian financial system mentioned in question (b) above. (4marks) (d) Explain TWO (2) main differences between real assets and financial assets. (4marks) (e) Discuss FOUR (4) underlining basic principles of Shariah in Islamic finance and banking. (10marks)

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