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Questions and Answers
Which mode of Islamic banking/finance involves profit-sharing and loss-bearing?
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?
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?
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?
Which mode of Islamic banking/finance involves cost-plus pricing?
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Which term refers to the safekeeping mode of Islamic banking/finance?
Which term refers to the safekeeping mode of Islamic banking/finance?
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