
Basic for Islamic Accounting
Quiz
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Business
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University
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Practice Problem
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AHG AHG
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27 questions
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1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
All of the following on Accounting for Islamic Finance is False EXCEPT
Initial Measurement and Recognition of transactions.
Accounting that is NOT contradict to Islamic Law
True and Full Disclosure
Accounting according to AAOIFI standards.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the Following is Incorrect About Wealth Subjected to zakat
gold and silver
agricultural produce
livestock
livefb
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The rate of zakat on business, as determined by National Fatwa Council, is ..... ?
0.025%
0.25%
2.5%
25%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Zakat on Shares Must be Owned for at Least 1 Year (Haul/Time-Frame)
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Three parties : Capital Provider, Intermediate Mudharib (Entrepreneur) and Final Mudharib (Entrepreneur)
RE-MUDHARABAH
BILATERAL MUDHARABAH
SIMPLE MUDHARABAH
MULTILATERAL MUDHARABAH
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________________ is Where an Islamic Bank Enters Into a Partnership with Entrepreneur(s) to Invest in a Feasible Business Project. If There is a Profit, it Will Then be Shared Based on Pre-Agreed Ratio, and if There is a Loss, it Will Then be Shared According to Capital Contribution Ratio
Mutawasitah
Musyarakah
Mudharabah
Mesyuarat
Mubalaghah
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Rabb-ul-Maal
Investment is the Sole Responsibility of Investor
All the Partners Share the Loss to the Extent of the Ratio of their Investment
Capital Investor
Capital Provider
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