Islamic Banking and Finance Quiz
5 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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

    More Like This

    Use Quizgecko on...
    Browser
    Browser