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MCQs

Total Questions : 56 | Page 2 of 6 pages
Question 11. Products of first type may be given to Musharika in capital while second kind of products cannot be a part of capital observation of
  1.    Imam Maliki
  2.    Imam Hanafi
  3.    Imam Shafi
  4.    Imam Hanabli
 Discuss Question
Answer: Option C. -> Imam Shafi
Answer: (c).Imam Shafi
Question 12. To generate joint possession in assets is
  1.    shirkat
  2.    shirkat-al-aqd
  3.    shirkat-al-milk
  4.    musharika
 Discuss Question
Answer: Option C. -> shirkat-al-milk
Answer: (c).shirkat-al-milk
Question 13. Where everyone partner contribute some capital into a commercial venture is
  1.    partnership in capital
  2.    shirkat-ul-amwal
  3.    a & b
  4.    shirkat-ul-abdan
 Discuss Question
Answer: Option C. -> a & b
Answer: (c).a & b
Question 14. Investments given by all partners/shareholders known to as
  1.    partners
  2.    ijarah
  3.    murabah
  4.    takaful
 Discuss Question
Answer: Option A. -> partners
Answer: (a).partners
Question 15. This happens when a person hires a representative to carry out transactions on his/her behalf, like to a
  1.    wadiah
  2.    power of attorney
  3.    wakalah
  4.    b & c
 Discuss Question
Answer: Option D. -> b & c
Answer: (d).b & c
Question 16. Mutually or equally using an asset by taking twists under conditions where partners or joint vendors are on superior stipulations is
  1.    musharika intifa
  2.    musharika
  3.    ijarah
  4.    hibah
 Discuss Question
Answer: Option A. -> musharika intifa
Answer: (a).musharika intifa
Question 17. Combination of capital is not compulsory is
  1.    basic rules of capital in musharika
  2.    basic rules of capital in ijarah
  3.    basic rules of capital
  4.    basic rules of capital in lease
 Discuss Question
Answer: Option A. -> basic rules of capital in musharika
Answer: (a).basic rules of capital in musharika
Question 18. Profit is based on accord of parties, but loss is all time issue to proportion of
  1.    capital
  2.    investment
  3.    work
  4.    a & b
 Discuss Question
Answer: Option D. -> a & b
Answer: (d).a & b
Question 19. A joint project or partnership formation with profit/loss contribution implications that is used in Islamic finance as an alternative of interest-bearing loans is
  1.    ijarah
  2.    musharika
  3.    murabah
  4.    hibah
 Discuss Question
Answer: Option B. -> musharika
Answer: (b).musharika
Question 20. First Islamic bank was recognized in
  1.    Pakistan
  2.    Oman
  3.    Malaysia
  4.    Qatar
 Discuss Question
Answer: Option C. -> Malaysia
Answer: (c).Malaysia

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