Introduction to Islamic Finance Chapter 1-2
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Questions and Answers

Freedom from ______ within Permitted Commodities/Activities is an important aspect in Islamic finance.

Riba

In Islamic finance, all contracts and transactions must be free from ______.

Al-Gharar

Gambling, also known as ______, is prohibited in Islamic finance.

Al-Qimar

Unearned income, also known as ______, is not allowed in Islamic finance.

<p>Al-Masyir</p> Signup and view all the answers

In Islamic finance, prices should be determined by ______ of demand and supply.

<p>forces</p> Signup and view all the answers

Price ______ and control are only permissible in certain circumstances in Islamic finance.

<p>fixation</p> Signup and view all the answers

In Islamic finance, trade and investment are only permitted in ______ commodities or property or activities.

<p>permissible</p> Signup and view all the answers

Alcohol-related business and casinos are examples of ______ activities in Islamic finance.

<p>non-permissible</p> Signup and view all the answers

In Islamic finance, all forms of contracts and transactions must be free from ______ and coercion.

<p>force</p> Signup and view all the answers

In Islamic finance, ______ is commonly understood as interest.

<p>Riba</p> Signup and view all the answers

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