Tutorial on Chapter 6

What is the primary objective of Islamic banks?

• Focus solely on religious aspects

• Profit maximization in accordance with Syariah

• Involve riba (interest)

• Maximize interest income

Which of the following is NOT an operational principle of Islamic banks?

• Riba

• Murabahah

• Musyarakah

• Mudarabah

What does 'Musharakah' refer to in Islamic finance?

• A sale contract

• A form of investment

• A partnership agreement

• A type of loan

In a Mudarabah contract, who provides the capital?

• Mudarib

• Rabbul Mal

• The bank only

• Both parties

What is a key characteristic of Murabahah?

• Interest-based financing

• Mark-up price must be disclosed

• No profit margin

• Immediate payment only

What does 'Qardh Hassan' aim to achieve?

• Social welfare assistance

• Investment in businesses

• Debt collection

• Profit maximization

Which type of partnership involves sharing ownership?

• Qardh Hassan

• Murabahah

• Musyarakah

• Mudarabah

What is the main purpose of 'Wadiah' contracts?

• To provide loans

• To safeguard deposits

• To generate profit

• To sell assets

What does 'Bay al Salam' refer to?

• A forward sale contract

• A loan agreement

• A type of lease

• A partnership agreement

Which of the following is a type of 'Bai al Inah'?

• Sale with deferred payment

• Sale of goods

• Forward sale

• Sale of debt