Final answer:
According to Jewish religious laws, EMI cannot be assigned and conducted on the Sabbath.
Step-by-step explanation:
According to Jewish law, the Sabbath is a day of rest and observance, during which certain activities, such as work or business transactions, are prohibited.
One of these prohibited activities is conducting business transactions, including assigning and conducting an EMI (Equated Monthly Installment) payment plan.
Therefore, the statement 'EMI cannot be assigned and conducted on the Sabbath' is 1) true according to Jewish religious laws.