FINAL QUIZ

FINAL QUIZ

1st Grade

10 Qs

quiz-placeholder

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FINAL QUIZ

FINAL QUIZ

Assessment

Quiz

Fun

1st Grade

Practice Problem

Hard

Created by

SARAH SARUCHI

Used 30+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which element is TOLERATED in Islam?

Ghurm (Risk)

Gharar Fahish

Interest

Game of chance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

X is the first Islamic bank in Malaysia that was established in 1983. What is X?

Tabung Haji

Bank Islam

Mit Ghamr

Bank Muamalat

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main regulator of Islamic capital market in Malaysia is...

Securities Commission

Shariah Advisory Council

Bank Negara Malaysia

Shariah Committee

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which contracts are not suitable for Islamic banking financing products?

Ijarah

Qard

Bai'

Tawarruq

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Shariah Advisory Council of Securities Commission will update the list of shariah-compliant securities on...

May and November

January and December

February and November

June and December

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT TRUE about asset-based sukuk?

Debt-like structures

True sale does not occur, ownership merely “on paper”

In event of default, Sukuk holders have recourse to specific assets

The majority of Sukuk on issuance today are of this category

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT the distinct feature of takaful?

Risk-sharing concept

Based on buy and sale contract

There is no element of riba, maysir and gharar

Shariah board needs to be established

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