Islamic banking and finance questions
Understand the Problem
The user has provided a series of questions about Islamic banking and finance. These questions test knowledge of concepts such as Ijarah, KIBOR, permissible investments, and profit/loss sharing. We need to categorize these questions and clean them up for further processing.
Answer
Set of answers to the questions.
Here are the answers to the questions:
- False
- Alcohol business
- True
- False
- Charity
- False
- False
- False
Answer for screen readers
Here are the answers to the questions:
- False
- Alcohol business
- True
- False
- Charity
- False
- False
- False
More Information
Islamic banking adheres to Sharia law, prohibiting interest (riba) and promoting ethical investments. Ijarah involves leasing, not immediate ownership transfer. Islamic banks avoid financing businesses involved in prohibited activities. Transparency and fairness are key principles.
Tips
Understanding the core principles of Islamic finance is crucial to answering these questions correctly.
Sources
- FAQs on Islamic Banking - State Bank of Pakistan - sbp.org.pk
- 5 Common Questions In Islamic Finance People Often Ask About - academy.musaffa.com
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