Final Exam - English 1

The first Islamic bank opened more than 1.000 years ago.

• True

• False

Islamic banking customers do not have to pay interest on money they borrow.

• True

• False

You have to be Muslim to use an Islamic bank.

• True

• False

A shari`ah board must govern the Islamic section of the bank.

• True

• False

Islamic banks cannot invest in companies which sell prohibited food products.

• True

• False

Customers of Islamic banks cannot borrow or lend money.

• True

• False

People who follow the laws of Islamic banking cannot make a profit.

• True

• False

Part of the ownership of a company which people buy as an investment ......

• Share

• Supply

• Profit

• Loan

Goods and services that people want to buy .....

• Demand

• Mortgage

• Interest

• Guarantee

Things that have value because many people are interested in owning them ......

• Collectibles

• Dividend

• Capital

• Risk