exercise chapter 1 IFS

Banking institution during the time of Phophet Muhammad PBUH is known as

Which of the following is main function of banking institution during the time of Companion of Prophet?

• collectiong cheque

• managing fund for the needy & social services

• managing investment account

• managing currency exchange for traders

Another person who act as a keeper during the time of Prophet Muhammad

Function of baitulmal during Umayyad

• to finance marriage expenses

• to finance to buy house

• to mint gold money

• to tranfer money

Sukuk is issued as method of payment on soldier expenses. This occured during the time of

• Prophet Muhammad

• 4 Calliphates

• Khalifah Abdul Aziz

• Khalifah Marwan

during Abbasid the goverment give full patronage to the ____________ banker

2 positin introduced during Abbasid Empire

• Naqid & book keeper

• traders & sarraf

• naqid & sarraf

• banker & book keeper

first attemt in IB is in Malaysia during ____________ to manage saving for pilgrim purposes

• 1930s

• 1940s

• 1950s

• 1960s

Bank established due to the urged of 22 muslims countries

• World Islamic Bank

• Islamic Social Bank

• Bank Islam Berhad

• Islamic Development Bank

Operation of financial system in Malaysia

• dual system

• single & subsidiary

• solely Islamic

• solely conventional