Reviewing all topics_Islamic finance

A "sukuk" is basically a Shariah-compliant

• investment certificate

• bank cheque

• loan

• profit

A type of partnership where one party offers funds while the other give expertise and management is...

• Murabaha

• Ijarah

• Musharaka

• Mudaraba

The Islamic financial system prohibits transaction featuring

• Extreme uncertainties resulting from speculation and gambling

• Sharing of profit and risk of loss

• Partnership agreements

• Trading for profit

Under Salam contract goods are...

• Not delivered until payment is made

• Purchased for delivery in future

• Taxed before delivery

• Delivered for payment later

Find the asset-based financial instruments:

• Salam, Murabaha, Istisna', Ijarah

• Musharakah and Murabaha

• Salam, Murabaha, Mudaraba, Istisna'

• Salam, Mudaraba, Istisna'

________ is a contract whereby the purchaser pays the price in advance and the delivery of subject matter is postponed to a specified time in future.

• Istisna'

• Ijarah

• Salam

• Qard ul-hassan

Tabarru is...

• Contract of charity or donation

• Insurance contract

• A common fund contributed by a takaful participants

• An arrangement based on mutual assistance

Find types of Takaful

• Musharaka, Wakala, Hybrid, Waqf

• Mudaraba, Wakala, Hybrid, Waqf

• Mudaraba, Kafala, Hybrid, Waqf

• Murabaha, Wakala, Hybrid, Waqf

In the ____________ model of Takaful financial losses are required to be covered only by the participants

• Mudaraba

• Waqf

• Wakala

• Murabaha

Which Security is acceptable in Islamic shariah law?

• Stocks

• Bonds

• Common stocks

• Preffered stocks