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WorksheetsIMU652: Islamic Financial Planning (Chapter 1 & Chapter 2)
Total questions: 11
Worksheet time: 3mins
What is Financial Planning
A process of setting goals (short, medium, long term)
Develop plan
Plan into action
A process of setting goals, putting the plan into action and achieving goals
What is Islamic Financial Planning?
Development Plan
Achieve goals
Managing financial accordance with Shariah
Achieve life goals
What is an example of assets?
Cash on Hand
House Mortgage
Credit Card Balance
Student Loans
Which of the following is an expense that stays the same every month?
Rent House
Groceries
Electric
Credit card
___________________ = Asset - Liabilities
Balance Sheet
Asset
Liabiliies
Net worth
Balance Sheet in Islamic Financial Planning consists of __________ types of asset and ___________ types of liabilities.
2,3
3,1
4,2
1,1
Which is a "Long-term Financial Goal"?
Buying gifts for your friends
Going in vacation to Maldives
Retirement
College
