Islamic Banking

The first Islamic bank opened more than 1.000 years ago?

• True

• False

Islamic banking customers do not have to pay interest on money they borrow?

• True

• False

You have to be Muslim to use an Islamic bank?

• True

• False

A Shari’ah board must govern the Islamic section of the bank?

• True

• False

Islamic banks cannot invest in companies which sell prohibited food products?

• True

• False

People who follow the laws of Islamic banking cannot make a profit?

• True

• False

Islamic banks must give part of their profits to help poor people?

• True

• False

Ethical values are not important at Islamic banks

• True

• False

Customers earn money or make profits on savings?

• True

• False

Banks give a gift to customers who have accounts

• True

• False