Islamic Banking MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Islamic Banking, a fundamental topic in the field of Financial Management and Financial Markets. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Islamic Banking MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Islamic Banking mcq questions that explore various aspects of Islamic Banking problems. Each MCQ is crafted to challenge your understanding of Islamic Banking principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Financial Management and Financial Markets tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Islamic Banking MCQs are your pathway to success in mastering this essential Financial Management and Financial Markets topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Islamic Banking. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Islamic Banking knowledge to the test? Let's get started with our carefully curated MCQs!

Islamic Banking MCQs | Page 1 of 6

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Q1.
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
Discuss
Answer: (a).islamic banking
Q2.
A number of Islamic banks were formed to provide to this particular banking market in late
Discuss
Answer: (a).20th century
Q3.
A bank is considered as a custodian and trustee of money is
Discuss
Answer: (c).a & b
Q4.
Negotiation of a selling price among two parties exclusive of reference by seller to either costs or asking price is
Discuss
Answer: (c).musawamah
Q5.
Earliest Islamic bank was established in Malaysia in
Discuss
Answer: (b).1983
Discuss
Answer: (b).financial certificates
Q7.
A type of partnership where one party offer funds while other gives expertise and management is
Discuss
Answer: (d).mudarabah
Q8.
Shirkat-ul-wujooh has its origin in Arabic word
Discuss
Answer: (a).wajahat
Q9.
Word Musharika is originated from the
Discuss
Answer: (b).arabic word
Q10.
Shirkat-ul-wujooh has its origin in Arabic phrase Wajahat meaning
Discuss
Answer: (b).goodwill
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