Quiz on Islamic Banking and Finance

What does Sharia-compliant finance prohibit?

• Investing in technology companies

• Paying or charging interest

• Investing in real estate

• Trading in commodities

Which of the following is a mode of Islamic finance?

• Credit default swaps

• Hedging

• Mudarabah

• Short selling

What is the term for the prohibition of usury in Islamic finance?

• Maisir

• Gharar

• Zakat

• Riba

Which country is noted for having a significant number of Islamic banks?

• Brazil

• Germany

• United States

• Malaysia

What is the primary purpose of Islamic banking?

• Profit generation at any cost

• Maximization of shareholder wealth

• Risk sharing and ethical investment

• Minimizing operational costs

What type of the banking

• Islam

• Modern

Answer explanation

Which type