ICEBREAKER FIN546

ICEBREAKER FIN546

University

11 Qs

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ICEBREAKER FIN546

ICEBREAKER FIN546

Assessment

Quiz

Financial Education

University

Practice Problem

Medium

Created by

Ahmad Fauze Abdul Hamit

Used 2+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which principle distinguishes Islamic finance from conventional finance?

Profit sharing
Interest-based lending
Risk sharing
Fixed returns
Pluto

Answer explanation

Islamic finance emphasizes risk sharing over interest-based lending.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term 'Shariah' refer to?

Islamic law
Financial investment
Profit distribution
Risk management

Answer explanation

Shariah is the moral and legal framework guiding Islamic life, including finance.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is prohibited in Islamic finance?

Interest (Riba)
Equity investment
Profit sharing
Risk management

Answer explanation

Riba (interest) is not allowed in Islamic finance as it leads to unjust enrichment.

4.

MULTIPLE CHOICE QUESTION

30 sec • Ungraded

What motivates you most to study Islamic Finance?

Career opportunities
Interest in ethics
Social impact
Cultural/religious interest

5.

OPEN ENDED QUESTION

30 sec • 1 pt

In one word, describe what Islamic Finance means to you.

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6.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Islamic finance promotes risk _____ between parties.

Answer explanation

The key idea is that risks should be shared among all parties involved.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does "Halal" mean in Islamic finance?

Permissible
Forbidden
Uncertain
Unimportant

Answer explanation

Halal refers to what is permissible under Islamic law.

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