TITLE OF EACH SECTION

Question 1

Section 1

Answer 1

The charter of the Al-Amanah Islamic investment bank of the Philippines

Question 2

Section 2

Answer 2

Name, domicile, and place of business

Question 3

Section 3

Answer 3

Purpose and basis

Question 4

Section 4

Answer 4

Shari’a advisory council

Question 5

Section 5

Answer 5

Functions of Shari’a advisory council

Question 6

Section 6

Answer 6

Islamic bank’s power

Question 7

Section 7

Answer 7

Authorized capital stock

Question 8

Section 8

Answer 8

Classifications of shares and features

Question 9

Section 9

Answer 9

Board of arbitration

Question 10

Section 10

Answer 10

Incentives to Islamic banking

Question 11

Section 11

Answer 11

Grants and donations

Question 12

Section 12

Answer 12

Non interest bearing placement

Question 13

Section 13

Answer 13

Investment of funds

Question 14

Section 14

Answer 14

Return on investment funds

Question 15

Section 15

Answer 15

Allocation of resources

Question 16

Section 16

Answer 16

Authorized banking services

Question 17

Section 17

Answer 17

Authorized commercial operations

Question 18

Section 18

Answer 18

Employee share scheme

Question 19

Section 19

Answer 19

Investment ceilings, and business limits

Question 20

Section 20

Answer 20

Loans to directors officers an employee restrictions

Question 21

Section 21

Answer 21

Special cash account

Question 22

Section 22

Answer 22

Capital funds requirements

Question 23

Section 23

Answer 23

Investment risk funds

Question 24

Section 24

Answer 24

Periodic report

Question 25

Section 25

Answer 25

Board of Directors

Question 26

Section 26

Answer 26

Powers of the board

Question 27

Section 27

Answer 27

Chief executive officer, other officers, and employees

Question 28

Section 28

Answer 28

Business development office

Question 29

Section 29

Answer 29

General shareholders meeting

Question 30

Section 30

Answer 30

Purpose of general meeting

Question 31

Section 31

Answer 31

Ordinary and extraordinary sessions

Question 32

Session 32

Answer 32

Bank auditor reports

Question 33

Session 33

Answer 33

Confidential information

Question 34

Section 34

Answer 34

Accounting period

Question 35

Section 35

Answer 35

Determination of profits and losses

Question 36

Section 36

Answer 36

Sharing between the bank and the investors

Question 37

Section 37

Answer 37

Tax exemption

Question 38

Section 38

Answer 38

Exemption from custom duties

Question 39

Section 39

Answer 39

None applicability of selected acts

Question 40

Section 40

Answer 40

Employment of foreign nationals

Question 41

Section 41

Answer 41

Training of technical personnnel

Question 42

Section 43

Answer 42

Application of islamic shari’a

Question 43

Section 44

Answer 43

Definition of terms

Question 44

Section 45

Answer 44

Penalties for violation

Question 45

Section 46

Answer 45

Supervision and regulation by the central bank

Question 46

Section 47

Answer 46

Privatization

Question 47

Section 48

Answer 47

Transformation to Islamic banking business

Question 48

Section 49

Answer 48

Re-organization of the bank

Question 49

Section 50

Answer 49

Statutory articles of incorporation

Question 50

Section 51

Answer 50

Bylaws

Question 51

Section 52

Answer 51

Repealing and separability clauses

Question 52

Section 53

Answer 52

Effectivity