exercise chapter 1 IFS

Banking institution during the time of Phophet Muhammad PBUH is known as

(a)  

Which of the following is main function of banking institution during the time of Companion of Prophet?

• collectiong cheque

• managing fund for the needy & social services

• managing investment account

• managing currency exchange for traders

Another person who act as a keeper during the time of Prophet Muhammad

(a)  

Function of baitulmal during Umayyad

• to finance marriage expenses

• to finance to buy house

• to mint gold money

• to tranfer money

Sukuk is issued as method of payment on soldier expenses. This occured during the time of

• Prophet Muhammad

• 4 Calliphates

• Khalifah Abdul Aziz

• Khalifah Marwan

during Abbasid the goverment give full patronage to the (a)   banker

2 positin introduced during Abbasid Empire

• Naqid & book keeper

• traders & sarraf

• naqid & sarraf

• banker & book keeper

first attemt in IB is in Malaysia during ____________ to manage saving for pilgrim purposes

• 1930s

• 1940s

• 1950s

• 1960s

Bank established due to the urged of 22 muslims countries

• World Islamic Bank

• Islamic Social Bank

• Bank Islam Berhad

• Islamic Development Bank

Operation of financial system in Malaysia

• dual system

• single & subsidiary

• solely Islamic

• solely conventional