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Do you need to know the spellings etc for the Islamic words? Or do you only need to know what the words mean? Eg would the question only say explain what is meant by murabaha for example? Or could the question say detail all the Islamic finance transactions and what they mean?
Thanks
MURABAHA is arabic word .. you can use any spelling for it just like your name ……..
but it will tested in detail in june 2014 …whole concepts of islamic finance ,,, advantages and disadvantages of modarba and musharka …Hi Emma, that’s exactly what I want to know as well, Anyone out there able to help?
That is a really good question. Judging by the past exam questions it always asks a question like explain the concept of Riba (Interest) or like explain the term Mudaraba. But we do need more clarity on this issue!
I think you need to understand the concepts but the actual transliterated Arabic word will be given a brief explanation of the English version in the exam question. This is based on the (admittedly few) exam questions on Islamic finance I’ve seen at F9 and P4.
Do not worry about the spelling – only the concepts involved.
The ACCA does not deduct marks for spelling in any exams.Alikalimuhammed, welcome to the Opentuition forums. You will find useful resources on this site related to your question.
Alikalimuhammed, you will find lecture videos and notes created by professional accountant and tutor which should be used in conjunction with one another here-
https://opentuition.com/acca/fm/
This should be your first port of call.
If you have any issues or problems understanding anything specifically, you can ask a tutor on the ask the forum. Alternatively, post any questions related to ACCA financial management on a new thread with a suitable title and fellow students will attempt to answer. Anyway, welcome to the site. Hope this answer helps you.
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