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Questions and Answers
What is the focus of Al-Sarf Al-Islami?
What is the focus of Al-Sarf Al-Islami?
- Secular financial regulations
- International trade agreements
- Traditional investment strategies
- Islamic banking transactions (correct)
What is the primary source of guidance for Al-Sarf Al-Islami?
What is the primary source of guidance for Al-Sarf Al-Islami?
- Quran and Sunnah (correct)
- World Bank policies
- European Union directives
- United Nations conventions
What sets Al-Sarf Al-Islami apart from conventional financial systems?
What sets Al-Sarf Al-Islami apart from conventional financial systems?
- Emphasis on high leverage ratios
- Heavy reliance on speculative trading
- Inclusion of complex derivative products
- Prohibition of interest (Riba) (correct)
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