10 Questions
What types of interest-bearing products are prohibited in Islamic investing?
All forms of interest, whether fixed or floating
What features must financial returns bear in Islamic investing?
Profits and loss
What types of investment activities does Islam prohibit?
Excessive risk, speculation, and uncertainty
What must fund managers ensure about clients' investments in Islamic investing?
They are free from all forms of interest-bearing products
In Islamic investing, what must fund managers respect regarding their clients' wishes?
Investing only in Sharī'ah-compliant products
According to Islamic finance, what is the meaning of risk?
Exposure to chance of imminent danger in commercial transactions
What is the principle associated with profit in Islamic finance?
Al-ghunm bi al-ghurm
What does the maxim 'Al-kharaj bi al-daman' in Islamic finance relate to?
The right to derive benefit from a property if one assumes the responsibility for its maintenance
What is 'Sadd al-dhari’ah' in Islamic finance designed to achieve?
Blocking the legitimate means to an evil to reduce risks in transactions
What do the maxims 'Al-ghunm bi al-ghurm' and 'Al-kharaj bi al-daman' suggest in Islamic finance?
Profit in commercial activities is associated with risk
Test your knowledge of Islamic asset and fund management with this quiz. Explore the fundamentals of Islamic investing and wealth management, including the principles of Sharī'ah-compliant investing and the responsibilities of fund managers.
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