Top 50+ Solved Islamic Banking Products MCQ Questions Answer

a. baimuajjal

b. mudarabah

c. ijarah

d. murabaha

a. diminishing musharika

b. musharika

c. ijarah

d. salam

a. payment of a fixed price

b. safe keeping

c. contract

d. ruling by the shariah scholars

a. extreme uncertainties resulting from speculation and gambling

b. sharing of profit and risk of loss

c. partnership agreements

d. trading for profit

a. for muslims and and those non-muslims who are allowed by sharri'ah scholars.

b. no

c. yes

d. for muslims and those who convert to muslims

a. takaful (islamic insurance)

b. faqir (a poor person)

c. shirkah (partnership)

d. tatfif (fraud)

a. a deposit held in trust which creates various fiduciary duties.

b. an expert who is consulted for advice on islamic law.

c. an interest-free loan.

d. a loan that does not have to be repaid

a. legal rights

b. credit proposal

c. taking full responsibility

d. kind of sale

a. spending on objects which have been explicitly prohibited.

b. the quantity and quality of a good for sale

c. economic, social, political and cultural aspects of islam societies.

d. principles of partnership

a. consumer loans

b. sales through documents

c. fund management

d. guaranteeing payments

a. down payment

b. loan payment

c. savings.

d. deposit with a bank.

a. investment services

b. financial services

c. loans and mortgages

d. foreign exchange services

a. musharakah

b. tawarruq

c. kafalah

d. qimar

a. ownership of goods

b. a contract

c. non-permissible

d. permissible

a. struggling for livelihood

b. perfect ownership

c. equal distribution of wealth

d. mutual assistance and shared responsibility