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Islamic Banking and Finance Quiz
5 Questions
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Islamic Banking and Finance Quiz

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@IncredibleSparrow2003

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Questions and Answers

Which mode of Islamic banking/finance involves profit-sharing and loss-bearing?

  • Mudarabah (correct)
  • Wadiah
  • Musharaka
  • Murabahah

    • Which type of investment is considered haram (sinful and prohibited) in Islamic banking?

  • Businesses that provide pork or alcohol (correct)
  • Real estate ventures
  • Technology companies
  • Agricultural enterprises

    • Which term refers to the prohibition of usury in Islamic banking?

  • Wadiah
  • Musharaka
  • Riba (correct)
  • Ijara

    • Which mode of Islamic banking/finance involves cost-plus pricing?

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

    Which term refers to the safekeeping mode of Islamic banking/finance?

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

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