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Chap 1: Islamic Banking Quiz

Authored by ashikin salleh

Social Studies

1st Grade

Used 2+ times

Chap 1: Islamic Banking Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Islamic banking avoid?

Riba (interest)

Profit-sharing

Investing in businesses

Savings accounts

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which bank was the first Islamic bank established?

Islamic Development Bank

Bank Islam Malaysia Berhad

Mit Ghamr Bank

Nasser Bank

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main principle of Islamic banking?

Making high profit for the business

Following Shariah principles

Investing in any business

Avoiding all risks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Sukuk represent?

A charity fund

A type of loan

An Islamic bond

A saving product

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Takaful?

A type of loan

Islamic insurance

A savings plan

A conventional bank

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which act regulates Islamic financial institutions in Malaysia currently?

Central Bank Act 2009

Banking Act 1973

Islamic Financial Services Act 2013

Islamic Banking Act 1983

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of the Shariah Committee?

To compete with conventional banks

To handle customer complaints

To punish the non-compliance

To ensure compliance with Islamic principles

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