7_Islamic Banking and Sharia Principles

What is the primary source of Islamic economic principles?

• Bible

• Al-Qur'an

• Talmud

• Vedas

Which of the following is NOT a source of Sharia law?

• Al-Qur'an

• As-Sunnah

• Ijma'

• Constitution

What does the term 'Islam' primarily mean?

• Peace

• Faith

• Charity

• Submission

What is the classification of 'Wajib' in Islamic law?

• Discouraged

• Mandatory

• Prohibited

• Permissible

Which of the following is a goal of Sharia?

• To promote wealth

• To maintain justice

• To support individualism

• To encourage competition

What is the term for the prohibition of interest in Islamic finance?

• Sukuk

• Zakat

• Gharar

• Riba

What does 'Ijma' refer to in Islamic jurisprudence?

• Consensus of scholars

• Individual opinion

• Legal precedents

• Religious texts

Which of the following is an example of a 'Tabarru' contract?

• Sale agreement

• Rental agreement

• Investment partnership

• Loan without interest

What is the purpose of zakat in Islam?

• To pay taxes

• To invest in businesses

• To accumulate wealth

• To purify wealth

Which of the following is a characteristic of 'Muamalah'?

• Financial transactions

• Social contracts

• Personal relationships

• Religious obligations