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Islamic Banking and Finance in Theory and Practice: Mcqs Questions

This document contains 17 multiple choice questions about Islamic banking and finance. The questions cover topics like the principles that shape the relationship between Islam and finance, common profit-sharing arrangements in Islamic law, how Islamic lease agreements work, what interest-based banking practices are renounced in Islamic finance, how conventional banking techniques can be adapted to comply with Islamic principles, and statistical information about the current scale of the global Islamic banking industry.

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umar hayat
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1K views2 pages

Islamic Banking and Finance in Theory and Practice: Mcqs Questions

This document contains 17 multiple choice questions about Islamic banking and finance. The questions cover topics like the principles that shape the relationship between Islam and finance, common profit-sharing arrangements in Islamic law, how Islamic lease agreements work, what interest-based banking practices are renounced in Islamic finance, how conventional banking techniques can be adapted to comply with Islamic principles, and statistical information about the current scale of the global Islamic banking industry.

Uploaded by

umar hayat
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ISLAMIC BANKING AND FINANCE IN THEORY AND PRACTICE

(Islamic Finance)

MCQs Questions
1. What two aspects shape of relationship between islam and finance?
(a) Islamic law, Business Ethics
(b) Adoption, Maintenance
(c) Fasting, Pilgrimage
(d) Rules, Norms

2. Islamic faith are contained in___________beliefs


(a) Five
(b) Four
(c) Six
(d) Seven

3. Mudaraba and Musharaka are two __________ under Islamic law


(a) Profit gaining arrangements
(b) Profit dividing arrangements
(c) Profit sharing arrangements
(d) Profit Collecting arrangements

4. What an IJARA or Islamic lease the Banks _______________


(a) Would Collect money from their clients for profit making
(b) Would give money to clients to buy equipments
(c) Would buy the equipment or machinery and lease it out to their clients
(d) Would collect money from their clients for fix deposit

5. An Islamic banking and financial system is predicated on complete renunciation of _________


(a) Balance Sheet
(b) Interest
(c) Resource allocation
(d) Ijara

6. In IJARA the former enables ________ employed in conventional banking to be adapted to Islamic
finance?
(a) Machinery and Equipment
(b) Techniques and Development
(c) Contractual Forms and Documents
(d) Investment and Return Documents

7. In IJARA originator holds_______


(a) Guaranty of persons
(b) A Cheque
(c) A Bank Statement
(d) Assets

8. Islamic investors effectively get a fix rate of return while considering themselves owners of the
assets?
(a) 12% Annually
(b) 11.25% Annually
(c) 12.25% Annually
(d) 13% Annually
9. How many types of transections in trade or in bank?
(a) Three
(b) Two
(c) Four
(d) Five
10. Islamic banking and finance as emerging as viable alternatives to conventional_________
(a) Deposits
(b) Assets Capturing
(c) Renting
(d) Interest based banking and finance
11. According to General Council for Islamic banking and financial institutions there are currently
________ institutions worldwide that follow Islamic banking principles?
(a) 270
(b) 370
(c) 275
(d) 375
12. Islamic banking and financial institution’s principles collectively managing in excess of _______
Billions?
(a) $300
(b) $500
(c) $200
(d) $400
13. Islamic banking institutions are now offer a verity of Islamic financial services in the united states?
(a) 57
(b) 53
(c) 43
(d) 63
14. How many institutions are now offer a verity of Islamic financial services in the united states?
(a) 20
(b) 30
(c) 10
(d) 25
15. Which of famous companies has raised their funds through Islamic banking at united bank of Kuwait?
(a) Samsung and Toyota
(b) IBM and General Motors
(c) Dell and Suzuki
(d) Nokia and Hyundai
16. Which country is best for Islamic Banking system and best practices of Islamic banks in General?
(a) United Arab Emirates
(b) Pakistan
(c) Bahrain
(d) United States of America
17.

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