MCQs on Islamic Banking and Finance

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1. Islamic banking operates on the principle of:





2. Riba in banking is:





3. Mudarabah is:





4. Musharakah refers to:





5. Ijarah in Islamic finance means:





6. Sukuk are:





7. Islamic banks avoid:





8. Murabaha is:





9. Islamic banks emphasize:





10. Takaful in Islamic finance is:





11. Gharar refers to:





12. Islamic banking prohibits investment in:





13. Mudarabah contract involves:





14. Profit in Musharakah is shared:





15. Islamic banks fund businesses through:





16. Ijarah can be applied to:





17. Sukuk holders receive:





18. Murabaha requires:





19. Islamic banks encourage:





20. Takaful is based on:





21. Gharar contracts are avoided because:





22. Zakat can be collected by:





23. Riba-free banking ensures:





24. Mudarabah profit is shared:





25. Musharakah risk is:





26. Ijarah revenue is earned by:





27. Sukuk represents:





28. Islamic banks avoid speculation because:





29. Murabaha ensures:





30. Islamic banking emphasizes:





31. Takaful members contribute to:





32. Gharar is prohibited to:





33. Zakat collection by banks promotes:





34. Riba is prohibited to:





35. Trade financing in Islamic banks is done through:





36. Ijarah allows:





37. Sukuk profit is based on:





38. Mudarabah loss is borne by:





39. Musharakah can be applied to:





40. Islamic banking promotes:





41. Takaful ensures:





42. Gharar-free contracts:





43. Zakat management in banks:





44. Riba-free banking contributes to:





45. Murabaha is used for:





46. Islamic finance prohibits:





47. Sukuk holders have:





48. Ijarah differs from conventional leasing because:





49. Mudarabah promotes:





50. Overall, Islamic banking aims to:





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