Islamic Banking Ethics

Islamic Banking Ethics

University - Professional Development

10 Qs

quiz-placeholder

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Islamic Banking Ethics

Islamic Banking Ethics

Assessment

Quiz

Professional Development, Social Studies

University - Professional Development

Hard

Created by

Alfatih P.

Used 105+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the core of Islamic Banking and Finance?

Shari'ah or Islamic Law

The religion of Islam

Morality and Ethics

All of the above are correct answers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the correct definition of ethics?

Ethics are a set of moral principles which determine behavior

Ethics are norms, values and beliefs embedded in social processes which define right and wrong for an individual or a community

Ethics is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct

All of the above answers are correct answers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which element(s) in Archie Carroll's CSR pyramid are different if based on the Islamic version of CSR?

Economic Responsibility

Social Responsibility

Ethical and Philanthropic Responsibility

Economic and Social Responsibility

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Islamic business ethics can be categorized into which type of ethical theory?

Consequentialist Ethics

Non-consequentialist Ethics

Neither

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happened in the Enron scandal?

Culture of deception, self-interest, & lack integrity leading to bankruptcy of Enron and dissolution of Arthur Andersen

Auditor deficiency of Arthur Andersen leading to its bankruptcy

Money-laundering of Enron officials leading to their arrest

None of the above are correct answers

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your colleague goes to work on a Sunday using a Leicester city football kit under his work suit because they had just won the Champions League. This is an example of a lack of:

Professional behaviour

Integrity

Objectivity

Due care

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A new joiner in your bank works in a newly established FinTech division despite having no background and experience, but is expected to be a very fast learner. This is a lack of:

Professional behaviour

Professional & technical competence

Objectivity

Integrity

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