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Exercises Topic 2

1. State the phases of development of IBF in Malaysia.
2. Explain the development of IBF in phase 1.
3. Discuss the concept of Islamic windows introduced by the government in 1993.
4. What is the reason conventional banks were required to set up Islamic subsidiaries if they want to offer IBF products and services?
5. Name 3 Islamic foreign banks that were given license to operate in Malaysia.
6. State the first occurence or institution in Malaysia that mark the development for each of the following product:

           (i) Sukuk
           (ii) Islamic collective investment
           (iii) Islamic Real Estate Investment Estate
           (iv) Islamic stockbroking firm

Enjoy answering the fun exercises :)