Islamic Finance: An Introduction by Dr. Mahmoud Gamal Zakzouk

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Questions and Answers

Islamic Economics is a subset of Islamic finance.

False

Islamic Banking is a core part of Islamic finance.

True

Mu'āmalāt deals only with Islamic legality and not economic repercussions.

False

Fiqh Al-Munakahat primarily deals with criminal law.

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

Islamic financial institutions follow the Shari’ah standards of the Financial Action Task Force (FATF).

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

Fiqh Al-Jinayat focuses on financial transactions in Islamic law.

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

The basis for Islamic finance is rooted in Aqidah (Creed).

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

Islamic Finance includes aspects such as production and consumption, according to the text.

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

Fiqh Al-Ibadat encompasses all aspects of economic activity.

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

Islamic Banking adheres to Shari’ah-compliant principles in financing.

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

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