A222_BIFS3093_A Seminar class Game IBF

In Sharia law and Islamic financing, “making money from money” is

• permitted

• not permitted

• permitted in certain cases

• permitted for Islamic banks only

The Islamic financial system works on the basis of

• sharing return

• sharing risk

• sharing risk and return

• predetermined risk and return

Takaful” is basically a Shariah-compliant

• loan

• insurance

• investment

• ownership

Which of the following is/are NOT permitted under Islamic Financial Principles?

I. Interest

II. Short selling

III. Non-asset backed derivatives

• I only

• I and II

• I and III

• I, II and III

Sukuk is Arabic name stand for

• financial liabilities

• financial certificates

• financial assets

• financial loans

A type of partnership where one party offer funds while other gives expertise and management is

• murabaha

• musharika

• ijarah

• mudarabah

Word Musharika is originated from the

• latin word

• arabic word

• persian word

• french word

The Islamic financial system prohibits transactions featuring

• Extreme uncertainties resulting from speculation and gambling

• Sharing of profit and risk of loss

• Partnership agreements

• Trading for profit

The term Arbun refers to

• Down payment

• Loan payment

• Savings

• Deposit with a bank

Banking may broadly be described as the business of providing

• Investment services

• Financial services

• Loans and mortgages

• Foreign exchange services