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 4 of 6

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Q31.
It is authorized that if a partner is not working, his profit share can be recognized as less than his capital share is fundamental law of musharika
Discuss
Answer: (b).distribution of profit
Q32.
A method where payments are prepared in phases to aid stage wise progress in Manufacturing / processing / building works is
Discuss
Answer: (a).Istisna
Q33.
Islamic banking structure is based on
Discuss
Answer: (a).risk sharing
Q34.
Sharikah is chief term than
Discuss
Answer: (c).musharika
Discuss
Answer: (d).all of answers are correct
Q36.
Mainly ideal financing arrangement and holding higher command Shariah compliance is
Discuss
Answer: (b).salam
Q37.
An Ordinance was propagates to permit establishment of
Discuss
Answer: (a).mudaraba companies
Q38.
deal is considered Salam if buyer has compensated purchase price to seller in
Discuss
Answer: (d).full at time of sale
Q39.
Literally it means a trade on mutually settled profit is
Discuss
Answer: (a).murabaha
Q40.
Musharika permits every party involved in a trade to distribute in profits and
Discuss
Answer: (c).loss
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