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 2 of 6

Discuss
Answer: (d).b & c
Q12.
Expression Finance Certificates & Certificate of Investment in Musharika is
Discuss
Answer: (a).liability side financing
Discuss
Answer: (d).all of answers are correct
Q14.
A pioneering attempt, in Shariah compliant investments banking was undertaken in 1963 in
Discuss
Answer: (c).Egypt
Q15.
Giving share of investor to customer on lease is the
Discuss
Answer: (b).basis of diminishing musharika
Q16.
An agreement in which advance fee is made for commodities to be delivered afterwards on is
Discuss
Answer: (b).bai salam
Q17.
Whose outcomes are concealed is gharar describes by
Discuss
Answer: (a).hanafi school
Q18.
Banks are dealing a large number of commodities and services and facing a strong competition to attract
Discuss
Answer: (b).potential customers
Q19.
Word Musharika is originated from Arabic word Sharikah meaning
Discuss
Answer: (d).partnership
Q20.
A assets in Shirkat-ul-milk is mutually possessed but not separated yet, is known as
Discuss
Answer: (d).musha
Page 2 of 6