
Islamic Banking and Regulation Quiz
Quiz
•
Other
•
University
•
Hard
AMIRAH AQILAH
Used 2+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What does IFSA 2013 stand for?
Islamic Financial Services Act 2013
Islamic Financial System Act 2013
Islamic Financial Standards Act 2013
Islamic Financial Supervision Act 2013
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What are the primary sources of Islamic Banking Philosophy?
Al-Quran
Ijma
Others
Qiyas
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is NOT the main characteristic that differentiates Islamic banking from conventional banking?
Business Framework
Zakat
Customer
Moral dimension
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the main function of a Shariah Supervisory Board in Islamic banking?
Manage credit risk
Ensure compliance with Shariah requirements
Handle customer complaints
Maximize profit for the bank
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the main focus of Islamic banking in terms of economic agents?
Work within Islamic moral values
Minimize operational costs
Maximize shareholder wealth
Expand market share
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the main principle of financing in Islamic banking?
Floating interest rate
Variable profit margin
Fixed interest rate
Not interest-oriented
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the main restriction for Islamic banks in participating in economic activities?
Shariah compliance
Market demand
Profit maximization
Government regulations
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