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WorksheetsPretest Fundamentals of Islamic Banking
Total questions: 10
Worksheet time: 8mins
Islam is a spiritual religion. Thus, Finance has no place in Islamic system and Muslim are encouraged to stay poor.
true
false
Agency (Wakala) is a Unilateral contract
true
false
Islamic Fiqh Academy has nothing to do with Islamic Finance.
True
False
The five Necessities which are preserved and protected as the main role of Islamic Shari’a, is considered luxurious.
True
False
SSB provides determinative guidance (Standards) on Islamic Law related to Finance.
True
False
All transactions are permissible except those which include Riba and Gharar
True
False
Islamic system balances the Islamic Society through Zakah principles.
True
False
Commodity Riba limited to 6 kinds in prophet period..
True
False
Any educated person could practice Ijtihad (diligent judgment) as it required reasoning and logic.
True
False
Combination of Money exchange & money transfer is prohibited.
True
False
