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Questions and Answers
Which rate is set higher than the actual variable rate charged to the client?
Which rate is set higher than the actual variable rate charged to the client?
- Ceiling profit-rate (correct)
- Ibra' (rebate)
- Effective rate
- Market interest rate
What is the difference between the ceiling rate and effective variable rate?
What is the difference between the ceiling rate and effective variable rate?
- Selling price
- Market interest rate
- Ibra' (rebate) (correct)
- Profit-rate
When can Islamic banks adjust their effective rate above the ceiling rate?
When can Islamic banks adjust their effective rate above the ceiling rate?
- When the effective rate is lower than the ceiling rate
- When the effective rate exceeds the ceiling rate
- When the market interest rate exceeds the contracted ceiling rate
- When the market interest rate is lower than the contracted ceiling rate (correct)
Which type of financing instrument is musharakah mutanaqisah primarily used for?
Which type of financing instrument is musharakah mutanaqisah primarily used for?
Which banks provide musharakah mutanaqisah financing instruments?
Which banks provide musharakah mutanaqisah financing instruments?
What is the definition of istisna'?
What is the definition of istisna'?
Which term is commonly used to refer to Islamic hire purchase in automobile financing?
Which term is commonly used to refer to Islamic hire purchase in automobile financing?
What does the term 'ijarah wa iqtina' imply in automobile financing?
What does the term 'ijarah wa iqtina' imply in automobile financing?
How is the transfer of ownership in automobile financing typically affected?
How is the transfer of ownership in automobile financing typically affected?
Which term is commonly used to refer to the structure where the lessee is given the asset as a gift at the end of the leasing period?
Which term is commonly used to refer to the structure where the lessee is given the asset as a gift at the end of the leasing period?
What is the main difference between ijarah muntahiyah bittamlik and al-ijarah thumma al-bay'?
What is the main difference between ijarah muntahiyah bittamlik and al-ijarah thumma al-bay'?
What term is sometimes used interchangeably with ijarah muntahiyah bittamlik?
What term is sometimes used interchangeably with ijarah muntahiyah bittamlik?
Which of the following best describes working capital?
Which of the following best describes working capital?
Why is proper management of working capital important for businesses?
Why is proper management of working capital important for businesses?
What does the term 'working capital' encompass in a company's balance sheet?
What does the term 'working capital' encompass in a company's balance sheet?
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