TUTORIAL QUESTION
Propose any possible financial instruments based on the existing available
Islamic financing contracts. Support your answer with simple illustration.
(i)
Salam Developer Sdn Bhd. is a construction company. Recently, it has
been awarded a contract to construct a new stadium in Pasir Puteh,
Kelantan. Due to the lack of capital, the company is considering either
to get a loan from conventional bank or a financing from Islamic bank.
(ii)
Mr. Surendran is an advocate and solicitor and he is looking for an
Islamic credit card.
(iii)
Malaysian Airlines System is planning to purchase fifteen Boeing
aircrafts.
(iv)
Salim wants to perform umrah with his family. He does not have
sufficient money for that purpose. He intends to get a financing from
Islamic bank.