2_Islamic Banking and Financial Institutions

What was the first Islamic bank established in Indonesia?

• Bank Syariah Mandiri

• Bank Muamalat Indonesia

• Bank Mega

• Bank BTN

In which year was the Mit Ghamr Saving Bank established?

• 1975

• 1960

• 1963

• 1970

What is the primary function of Baitul Mal Wat Tamwil (BMT)?

• To manage government funds

• To collect and distribute zakat

• To operate as a conventional bank

• To provide loans with interest

Which of the following is NOT a principle of Islamic finance?

• Transparency

• Maysir

• Gharar

• Riba

What does the term 'Takaful' refer to in Islamic finance?

• A form of insurance

• A type of investment

• A loan agreement

• A banking system

Which organization was established to develop the Islamic financial market globally?

• Islamic Development Bank

• International Islamic Financial Market

• Accounting and Auditing Organization for Islamic Financial Institutions

• Islamic Financial Services Board

What is the main purpose of the Islamic Development Bank (IDB)?

• To provide loans with interest

• To regulate Islamic banks

• To support economic development in member countries

• To offer insurance products

Which of the following is a characteristic of Islamic banking?

• Risk-sharing

• Investing in unethical businesses

• Charging interest on loans

• Guaranteed returns

What is the role of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)?

• To provide loans to Islamic banks

• To regulate interest rates

• To set standards for Islamic financial institutions

• To manage Islamic investments

What does the term 'dual banking system' refer to in Indonesia?

• Only Islamic banking

• A new banking model

• Both Islamic and conventional banking

• Only conventional banking