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
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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
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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
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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
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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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