Podcast
Questions and Answers
What is the principle behind Musharikah in Islamic banking?
What is the principle behind Musharikah in Islamic banking?
- Cost plus financing
- Sole leasing
- Profit and loss sharing (correct)
- Forward purchase
Which type of Islamic financial contract involves a lease cum purchase arrangement?
Which type of Islamic financial contract involves a lease cum purchase arrangement?
- Mudarabah
- Murabaha
- Ijarah
- Ijarah Wa’ Iktina (correct)
In Islamic banking, what does Mudarabah represent?
In Islamic banking, what does Mudarabah represent?
- Forward purchase
- Profit sharing principle (correct)
- Cost plus financing
- Agricultural lease
Which investment type in Islamic banking involves a diminishing partnership?
Which investment type in Islamic banking involves a diminishing partnership?
Which of the following activities is typically excluded from ethical investments in Islamic finance?
Which of the following activities is typically excluded from ethical investments in Islamic finance?
What is the key feature of a Salam (Bai Salam) contract in Islamic finance?
What is the key feature of a Salam (Bai Salam) contract in Islamic finance?
Which type of Islamic banking contract involves variable returns and is equity-based?
Which type of Islamic banking contract involves variable returns and is equity-based?
In Islamic banking, which contract type is based on a deferred sale and is known as 'Deferred buy option with forfeiture of earnest money option'?
In Islamic banking, which contract type is based on a deferred sale and is known as 'Deferred buy option with forfeiture of earnest money option'?
Which Islamic financial contract involves profit and loss sharing and is based on business finance?
Which Islamic financial contract involves profit and loss sharing and is based on business finance?
What is the main principle behind Islamic credit cards as mentioned in the text?
What is the main principle behind Islamic credit cards as mentioned in the text?
Which type of Islamic banking contract involves mark-up based fixed returns?
Which type of Islamic banking contract involves mark-up based fixed returns?
'Riba' in Islamic finance refers to:
'Riba' in Islamic finance refers to:
What does Gharar refer to in Islamic finance?
What does Gharar refer to in Islamic finance?
Which of the following is considered Maysir in Islamic finance?
Which of the following is considered Maysir in Islamic finance?
What is Ghubn related to in Islamic finance?
What is Ghubn related to in Islamic finance?
Which of the following is considered an ethical vice in Islamic banking?
Which of the following is considered an ethical vice in Islamic banking?
What type of returns are broadly permissible in Islamic banks according to the text?
What type of returns are broadly permissible in Islamic banks according to the text?
What is NOT considered Yethi (Internal Permissible Returns) in Islamic banking according to the text?
What is NOT considered Yethi (Internal Permissible Returns) in Islamic banking according to the text?
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