a. mudaraba companies
b. musharika companies
c. murabah companies
c. murabah companies
d. all of answers are correct
Answer (a)
2. Negotiation of a selling price among two parties exclusive of reference by seller to
either costs or asking price is
Answer (a)
2. 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
c. musawamah
d. musharika
Answer (c)
3. What is the most widely used Islamic mode of financing in asset side operation of
Islamic banks?
Answer (c)
3. What is the most widely used Islamic mode of financing in asset side operation of
Islamic banks?
a. Murabaha
b. Ijarah
c. Salam
c. Salam
d. Diminishing musharakah
Answer (a)
4. The following items are major components of Islamic banking and finance except
Answer (a)
4. The following items are major components of Islamic banking and finance except
a. Islamic banking
b. Takaful (insurance)
c. Stock exchange
c. Stock exchange
d. Capital market
Answer (c)
5. Islamic bonds can be rated on the two basis
Answer (c)
5. Islamic bonds can be rated on the two basis
a. Long term and short term
b. Sovereign and corporate
c. Public and private
c. Public and private
d. None of the above
Answer (d)
6. Earliest Islamic bank was established in Malaysia in
Answer (d)
6. Earliest Islamic bank was established in Malaysia in
a. 1980
b. 1983
c. 1982
c. 1982
d. 1988
Answer (b)
7. A type of partnership where one party offer funds while other gives expertise and
management is
Answer (b)
7. A type of partnership where one party offer funds while other gives expertise and
management is
a. murabaha
b. musharika
c. ijarah
c. ijarah
d. mudarabah
Answer (d)
8. Shirkat-ul-wujooh has its origin in Arabic word
Answer (d)
8. Shirkat-ul-wujooh has its origin in Arabic word
a. wajahat
b. wajahee
c. waujooh
c. waujooh
d. wajhee
Answer (a)
9. Word Musharika is originated from the
Answer (a)
9. Word Musharika is originated from the
a. latin word
b. arabic word
c. persian word
c. persian word
d. french word
Answer (b)
10. International bodies dedicated to enhancing Islamic finance industry include
Answer (b)
10. International bodies dedicated to enhancing Islamic finance industry include
a. the international financial Islamic financial market
b. Islamic financial service board
c. Accounting and auditing organization for Islamic financial institutions
d. All of the above
Answer (d)
b. Islamic financial service board
c. Accounting and auditing organization for Islamic financial institutions
d. All of the above
Answer (d)
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