Top 50+ Solved Islamic Financial Institutions MCQ Questions Answer
Q. A type of partnership where one party offer funds while other gives expertise andmanagement is
a. murabaha
b. musharika
c. ijarah
d. mudarabah
Q. Word Musharika is originated from the
a. latin word
b. arabic word
c. persian word
d. french word
Q. International bodies dedicated to enhancing Islamic finance industry include
a. the international financial islamic financial market
b. islamic financial service board
c. accounting and auditing organization for islamic financial institutions
d. all of the above
Q. _____ is not a major component of the Islamic banking and finance industry.
a. islamic banking
b. conventional insurance
c. islamic capital markets
d. islamic non-bank financial institutions
Q. Examples of Islamic non-bank financial institutions include:
a. islamic leasing and factoring companies
b. islamic microfinance institutions
c. waqf management institutions
d. all of the above
Q. All financing in Islamic banking and finance can be conveniently classified under:
a. sharing modes
b. sale modes
c. leasing modes
d. any of the above modes
Q. Combination of capital is not compulsory is
a. basic rules of capital in musharika
b. basic rules of capital in ijarah
c. basic rules of capital
d. basic rules of capital in lease
Q. A joint project or partnership formation with profit/loss contribution implications thatis used in Islamic finance as an alternative of interest-bearing loans is
a. ijarah
b. musharika
c. murabah
d. hibah
Q. Profit is based on accord of parties, but loss is all time issue to proportion of
a. capital
b. investment
c. work
d. a & b
Q. A number of Islamic banks were formed to provide to this particular banking market in late
a. 20th century
b. 19th century
c. 18th century
d. none of all of these
Q. Working capital financing in Musharika is
a. liability side financing
b. asset side financing
c. assets
d. liabilities