10 Questions
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.
Al-Masyir
In Islamic finance, prices should be determined by ______ of demand and supply.
forces
Price ______ and control are only permissible in certain circumstances in Islamic finance.
fixation
In Islamic finance, trade and investment are only permitted in ______ commodities or property or activities.
permissible
Alcohol-related business and casinos are examples of ______ activities in Islamic finance.
non-permissible
In Islamic finance, all forms of contracts and transactions must be free from ______ and coercion.
force
In Islamic finance, ______ is commonly understood as interest.
Riba
This quiz covers the basics of Islamic finance, including its principles and ethical aspects. It also touches on how modern financial systems differ from Islamic law. Test your knowledge of this fascinating topic!
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