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Islamic Banking and Finance - 1

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10 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    The first ever Islamic financial institution established in the 1960s outside the MENA region is:

    Mit Ghamr Savings Bank

    Dubai Islamic Bank

    Bank Islam Malaysia

    Tabung Hajj Malaysia

  • 2. Multiple Choice
    30 seconds
    1 pt

    Which of the following are not included as activities or services that the Islamic Development Bank do?

    Assist member countries in the development of their infrastructure when called upon through interest free loans

    Provide adequate aid when natural disaster or a calamity has affected the member countries

    Contribute in the establishment of supporting infrastructure organizations for the Islam banking and finance industry

    Provide multilateral finance and commercial banking services for the public in order to enhance product development in Islamic banking

  • 3. Multiple Choice
    30 seconds
    1 pt

    Knowledge and understanding of practical Shariáh laws derived from particulars of supporting evidence is the definition of:

    Usul Al Fiqh

    Fiqh

    Shariáh

    No correct answer

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