Islamic finance Part 2
Quiz
•
Business
•
University
•
Easy
Miza Akhmadullaeva
Used 10+ times
FREE Resource
25 questions
Show all answers
1.
OPEN ENDED QUESTION
3 mins • 5 pts
What is an Islamic letter of credit?
Evaluate responses using AI:
OFF
Answer explanation
An Islamic letter of credit is a document issued by a bank that guarantees payment to a seller on behalf of a buyer in a Shariah-compliant manner.
2.
OPEN ENDED QUESTION
3 mins • 5 pts
What is an Islamic trust receipt?
Evaluate responses using AI:
OFF
Answer explanation
An Islamic trust receipt is a financing arrangement where a bank purchases goods on behalf of a buyer and holds the goods as a trustee until the buyer repays the bank.
3.
OPEN ENDED QUESTION
3 mins • 5 pts
What are Islamic accepted bills?
Evaluate responses using AI:
OFF
Answer explanation
Islamic accepted bills are short-term financial instruments issued by a seller that represent an obligation to pay a specified amount on a future date.
4.
OPEN ENDED QUESTION
3 mins • 5 pts
What is an Islamic bank guarantee?
Evaluate responses using AI:
OFF
Answer explanation
An Islamic bank guarantee is a commitment made by a bank to guarantee payment or performance obligations of one party to another in compliance with Shariah principles.
5.
OPEN ENDED QUESTION
3 mins • 5 pts
What is an Islamic shipping guarantee?
Evaluate responses using AI:
OFF
Answer explanation
An Islamic shipping guarantee is a form of guarantee provided by a bank to ensure that goods are delivered as per the agreed terms and conditions in a Shariah-compliant manner.
6.
OPEN ENDED QUESTION
3 mins • 1 pt
Which Islamic trade financing facility provides a guarantee of payment to a seller?
Evaluate responses using AI:
OFF
Answer explanation
Islamic bank guarantee.
7.
OPEN ENDED QUESTION
3 mins • 1 pt
Which Islamic trade financing facility involves the bank purchasing goods on behalf of a buyer?
Evaluate responses using AI:
OFF
Answer explanation
Islamic trust receipt.
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple

Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
20 questions
Quiz for Banking course
Quiz
•
University
23 questions
FIN370 Chapter 4.1 Loan and advances
Quiz
•
University
20 questions
Financial Management
Quiz
•
University
30 questions
Entrepreneurial Mind Quiz 2
Quiz
•
University
20 questions
Marketing and Business Concepts Quiz
Quiz
•
11th Grade - University
30 questions
Islamic Finance 101-A
Quiz
•
University
20 questions
Financial Management Quiz 1
Quiz
•
University
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
20 questions
ELA Advisory Review
Quiz
•
7th Grade
15 questions
Subtracting Integers
Quiz
•
7th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
10 questions
Exploring Digital Citizenship Essentials
Interactive video
•
6th - 10th Grade
Discover more resources for Business
11 questions
NFL Football logos
Quiz
•
KG - Professional Dev...
20 questions
Definite and Indefinite Articles in Spanish (Avancemos)
Quiz
•
8th Grade - University
7 questions
Force and Motion
Interactive video
•
4th Grade - University
36 questions
Unit 5 Key Terms
Quiz
•
11th Grade - University
38 questions
Unit 6 Key Terms
Quiz
•
11th Grade - University
20 questions
La Hora
Quiz
•
9th Grade - University
7 questions
Cell Transport
Interactive video
•
11th Grade - University
7 questions
What Is Narrative Writing?
Interactive video
•
4th Grade - University