E-PolyLearning

1. Banking or banking action that is consistent with main beliefs of Shariah and its realistic application from beginning to end improvement of Islamic economics is
a. islamic banking
b. development Bank
c. conventional banking
d. b& c
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Answer: (a).islamic banking

2. A number of Islamic banks were formed to provide to this particular banking market in late
a. 20th century
b. 19th century
c. 18th century
d. none of all of these
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Answer: (a).20th century

3. A bank is considered as a custodian and trustee of money is
a. Wadiah
b. safekeeping
c. a & b
d. Hibah
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Answer: (c).a & b

4. Negotiation of a selling price among two parties exclusive of reference by seller to either costs or asking price is
a. ijarah wa iqtna
b. ijarah
c. musawamah
d. musharika
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Answer: (c).musawamah

5. Earliest Islamic bank was established in Malaysia in
a. 1980
b. 1983
c. 1982
d. 1988
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Answer: (b).1983

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