Friday, 7 February 2020

Islamic Finance MCQs

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ISLAMIC PRINCIPLES OF BANKING & FINANCE MULTIPLE CHOICE QUESTIONS (MCQS).

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1. Islamic Finance is strongly _____ oriented.
(A) profit
(B) money
(C) equity
(D) interest
2. In Islamic Finance, the owner of capital _____ the profits made by the entrepreneur.
(A) can share
(B) cannot share
(C) receive
(D) can never take
3. The Islamic financial system regards “the time value of money” as
(A) interest
(B) rent
(C) loss
(D) profit
4. The Islamic financial system regards “the monetary value of time” as
(A) interest
(B) profit
(C) loss
(D) rent
5. In Sharia law and Islamic financing, “making money from money” is
(A) permitted
(B) not permitted
(C) permitted in certain cases
(D) permitted for Islamic banks only
ANSWERS: ISLAMIC PRINCIPLES OF BANKING & FINANCE MCQS
1. (C) equity
2. (A) can share
3. (D) profit
4. (A) interest
5. (B) not permitted

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