Podcast
Questions and Answers
What type of deposit in Islamic banking involves no rate of return?
What type of deposit in Islamic banking involves no rate of return?
- Saving Accounts
- Profit and loss sharing deposits (Mudharaba)
- Current Accounts (correct)
- Qard Hasan (Liability)
In Islamic investment accounts, what happens if there is a loss from Shari’ah compliant financing and projects?
In Islamic investment accounts, what happens if there is a loss from Shari’ah compliant financing and projects?
- It is borne solely by the investors (IAHs). (correct)
- It is shared equally between the bank and the investors.
- It is compensated by the IFI.
- It is borne solely by the bank.
What type of investment account in Islamic banking involves funds provided by Rab al-maal being mixed with the bank's own funds for investment?
What type of investment account in Islamic banking involves funds provided by Rab al-maal being mixed with the bank's own funds for investment?
- Restricted Investment Account
- Saving Accounts
- Current Accounts
- Unrestricted Investment Account (correct)
In Islamic banking, what is the purpose of Qard Hasan (Liability) accounts?
In Islamic banking, what is the purpose of Qard Hasan (Liability) accounts?
What happens to the profit earned from Shari’ah compliant financing and projects in Islamic investment accounts?
What happens to the profit earned from Shari’ah compliant financing and projects in Islamic investment accounts?
Flashcards
Current Accounts
Current Accounts
Islamic banking deposit type with no return rate.
Investors bear losses
Investors bear losses
In Islamic investment accounts, losses from projects are borne by investors (IAHs).
Unrestricted Investment Account
Unrestricted Investment Account
Account where Rab al-maal funds mix with bank funds for investment.
Qard Hasan (Liability) accounts
Qard Hasan (Liability) accounts
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Profit distribution in investment accounts
Profit distribution in investment accounts
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