Tutorial on chapter 7

What is the principle used by Islamic banks for profit and loss sharing?

• Murabahah

• Qard Hassan

• Mudharabah

• Al Ijarah

Which of the following is a type of Islamic banking deposit?

• Term deposit

• Fixed deposit

• Time deposit

• Recurring deposit

What does 'Qard Hassan' refer to in Islamic finance?

• A type of investment account

• A benevolent loan

• A profit-sharing contract

• A savings account

Which of the following is NOT a source of funds for Islamic banks?

• Interest income

• Shareholder's equity

• Deposits

• Social finance

What is the main purpose of 'Zakat' in Islamic finance?

• To support the needy

• To provide loans

• To generate profit

• To invest in businesses

Which of the following is a service provided by Islamic banks?

• Interest-based loans

• Cash financing

• Stock trading

• Conventional savings accounts

What is 'Takaful' in the context of Islamic finance?

• A loan agreement

• Islamic insurance

• A type of investment

• A savings account

Which of the following is a characteristic of 'Mudarabah'?

• It is a type of deposit

• It is a loan with interest

• It involves profit-sharing

• It guarantees a fixed return

What is the primary focus of Islamic retail financing?

• Corporate investments

• Real estate development

• Individual necessities

• Government securities

Which of the following is a type of financing facility offered by Islamic banks?

• Mortgage with interest

• Conventional loans

• Home financing

• Credit cards with interest