Quiz Chap 8 Applications of Fund 1

   A construction company is looking at a new project, but requires finance to pay for materials. They approach an Islamic bank who agree to buy the materials and resell it to the company on mark up price.

 

What is this type of contract?

• Murabahah

• Musharakah

• BBA

• Mudharabah

1.     Which of the following muamalah contract is NOT suitable to be applied in home financing facilities offered by Islamic banking?

• Qard Hassan

• BBA

• Musharakah Mutanaqisah

• Ijarah Muntahiyah Bittamlik

Which of the following is NOT part of the modes of operation of murabahah working capital?

• 1. Bank pays the supplier upon delivery

• 1. The profit will be shared based on pre-agreed ratio

• 1. Bank purchases the goods as required by the customer

• 1. Bank subsequently sells the goods to the customer on deferred payment

    Ali and Abou make a business joint venture where both of them contribute the capital and manage the business together.

 

What is the shariah contract related to the above situation?

• Tawarruq

• Murabahah

• Mudharabah

• Musharakah

Mudharabah project financing usually applied in financing for.....

• Power generation

• manufacturing

• oil and gas industries

• mining industries

In mudharabah project financing, bank acts as a..........

• capital provider

• Entrepreneur

• worker

• financial advisor

The sale of goods on a deferred payment basis at a price , which includes a profit margin agreed by both parties. This staement refers to....

• Musyarakah mutanaqisah

• Bay Bithaman Ajil

• Ijarah mUntahiyah bitamlik

• Qard Hasan

The followings are pillars of BBA, EXCEPT:

• Seller

• Buyer

• Price

• Place

In the event of loss, who will borned the loss in Mudharabah?

• Capital Provider

• Fund Manager

• Both parties

Based on this illustration, which Islamic contract suitable to this illustration?

• Mudharabah

• Musharakah

• Ijarah

• BBA