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MCQs

Total Questions : 56 | Page 4 of 6 pages
Question 31. Musharika permits every party involved in a trade to distribute in profits and
  1.    interest
  2.    premium
  3.    loss
  4.    gharar
 Discuss Question
Answer: Option C. -> loss
Answer: (c).loss
Question 32. Prevention of a risk free return and authorization of trading, as enshrined in Verse
  1.    2:278 of Holy Quran
  2.    2:276 of Holy Quran
  3.    2:275 of Holy Quran
  4.    2:273 of Holy Quran
 Discuss Question
Answer: Option C. -> 2:275 of Holy Quran
Answer: (c).2:275 of Holy Quran
Question 33. A coupon given willingly by a debtor in return for a credit is
  1.    bound
  2.    hibah
  3.    gift
  4.    b & c
 Discuss Question
Answer: Option D. -> b & c
Answer: (d).b & c
Question 34. Losses are shared by each partner in ratio to their
  1.    work
  2.    profit
  3.    loss
  4.    capital
 Discuss Question
Answer: Option D. -> capital
Answer: (d).capital
Question 35. Islamic Shariah forbids
  1.    all loss on capital
  2.    all gains on loans
  3.    all gains on bonds
  4.    all gains on capital
 Discuss Question
Answer: Option D. -> all gains on capital
Answer: (d).all gains on capital
Question 36. A key concern for Muslims states and recently Islamic banks are
  1.    loans
  2.    advances
  3.    microfinance
  4.    premium
 Discuss Question
Answer: Option C. -> microfinance
Answer: (c).microfinance
Question 37. Banking or banking action that is consistent with main beliefs of Shariah and its realistic application from beginning to end improvement of Islamic economics is
  1.    islamic banking
  2.    development Bank
  3.    conventional banking
  4.    b& c
 Discuss Question
Answer: Option A. -> islamic banking
Answer: (a).islamic banking
Question 38. A number of Islamic banks were formed to provide to this particular banking market in late
  1.    20th century
  2.    19th century
  3.    18th century
  4.    none of all of these
 Discuss Question
Answer: Option A. -> 20th century
Answer: (a).20th century
Question 39. Negotiation of a selling price among two parties exclusive of reference by seller to either costs or asking price is
  1.    ijarah wa iqtna
  2.    ijarah
  3.    musawamah
  4.    musharika
 Discuss Question
Answer: Option C. -> musawamah
Answer: (c).musawamah
Question 40. Earliest Islamic bank was established in Malaysia in
  1.    1980
  2.    1983
  3.    1982
  4.    1988
 Discuss Question
Answer: Option B. -> 1983
Answer: (b).1983

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