Podcast
Questions and Answers
Islamic Economics is a subset of Islamic finance.
Islamic Economics is a subset of Islamic finance.
False
Islamic Banking is a core part of Islamic finance.
Islamic Banking is a core part of Islamic finance.
True
Mu'āmalāt deals only with Islamic legality and not economic repercussions.
Mu'āmalāt deals only with Islamic legality and not economic repercussions.
False
Fiqh Al-Munakahat primarily deals with criminal law.
Fiqh Al-Munakahat primarily deals with criminal law.
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Islamic financial institutions follow the Shari’ah standards of the Financial Action Task Force (FATF).
Islamic financial institutions follow the Shari’ah standards of the Financial Action Task Force (FATF).
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Fiqh Al-Jinayat focuses on financial transactions in Islamic law.
Fiqh Al-Jinayat focuses on financial transactions in Islamic law.
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The basis for Islamic finance is rooted in Aqidah (Creed).
The basis for Islamic finance is rooted in Aqidah (Creed).
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Islamic Finance includes aspects such as production and consumption, according to the text.
Islamic Finance includes aspects such as production and consumption, according to the text.
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Fiqh Al-Ibadat encompasses all aspects of economic activity.
Fiqh Al-Ibadat encompasses all aspects of economic activity.
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Islamic Banking adheres to Shari’ah-compliant principles in financing.
Islamic Banking adheres to Shari’ah-compliant principles in financing.
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