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Instrument ( chapter 1 ) Islamic Financial System

Authored by Rocco Rainey

Other

12th Grade

Used 2+ times

Instrument ( chapter 1 ) Islamic Financial System
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When did Islamic financial services in Malaysia start?

2010

1960s

1983

2009

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the first Islamic bank established in Malaysia?

CIMB Islamic

Maybank Islamic

Bank Negara Malaysia

Bank Islam

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which principle is not part of an Islamic Financial system?

Prohibition of interest

Prohibition of speculative

Encouragement of gambling

Shariah approved activities

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Islamic financial instrument based on a markup sale called?

Ijarah

Murabaha

Mudaraba

Musharakah

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of Islamic financial contract involves partnership?

Murabaha

Ijarah

Musharakah

Mudaraba

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Islamic financial instrument based on a forward sale called?

Bay' al-salam

Murabaha

Mudaraba

Musharakah

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many commercial Islamic banks are there in Malaysia?

10

15

20

17

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