Islamic Banking and Regulation Quiz

Islamic Banking and Regulation Quiz

University

15 Qs

quiz-placeholder

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Islamic Banking and Regulation Quiz

Islamic Banking and Regulation Quiz

Assessment

Quiz

Other

University

Hard

Created by

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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