IBaaD Academy https://validator.w3.org/feed/docs/rss2.html A builder enters into a contract to purchase 4,000 tiles of a stated make, type, colour and size. The price is agreed and paid at outset, but delivery is to take place in 60 days ` time. (Copy) Islamic Banking & Finance is Governed by: -s (Copy) Which of the following is true regarding charitable distributions? -s (Copy) One of the key differences between Sukuk and a Conventional Bond, is that Sukuk… -s (Copy) What is the % of Zakat to be paid by those liable to pay? -s (Copy) Which of the following is NOT a characteristic of Islamic finance? -s (Copy) Is profit and loss sharing (PLS) a key feature of Islamic finance? -s (Copy) What is the alternative product to Loans in Islamic Banking? -s (Copy) Islamic Banking & Finance is approx. $_____ trillion industry (2024). -s (Copy) Under a Murabaha agreement set up as an installment credit sale, the buyer failed to make payment until 28 days after the due date, causing the bank to charge a penalty USD 50. -s (Copy) Which of the following is FALSE with regards to a Commodity Murabaha contract? -s (Copy) Which Islamic finance contact, both parties contribute capital, to share in the risks and rewards of the venture? -s (Copy) What is the purpose of zakat in Islamic finance to? -s (Copy) What’s the cardinal rule of managing wealth – an investment portfolio? -s (Copy) What type of Islamic financing involves the sale of goods at a marked-up price? (Copy) What is best Islamic finance product for Agricultural Sector? -s (Copy) Does Islamic finance require transactions to be backed by tangible assets? -s (Copy) Which Islamic finance product requires parties to a contract to share in the risks and rewards of the transaction? -s (Copy) Non-payment of an Islamic bank customer installment can be classified as: (Copy) In which country Islamic Banking started first? -s (Copy) Under the Mudarabah (investment account) contract, who is normally liable for material losses which arise other than through negligence or contractual breach? (Copy) In which country Islamic banking windows by conventional banks not allowed? -s (Copy) What is the meaning of the Arabic term “Riba”? -s (Copy) Which of the following statement concerning the Profit Equalisation Reserve (PER) is correct? -s (Copy) The industry screen needs to be applied at: -s (Copy) X and Y are partners in a Musharaka contract with X contributing capital of $800,000 and Y contributing capital of $200,000. The agreement states that 70% of profits will go to X and 30% to Y. If losses of $50,000 are incurred, how much of this (if any) must be borne by Y? (Copy) Mr. A invested $90,000/- and Mr. B invested $10,000/- . Select the best option for profit and loss sharing ratio for this Musharaka Partnership. (Copy) In a reported Hadith on Riba, Prophet Muhammad (Sal) mentioned the following types of people being part of RIBA Transactions – who are they? -s (Copy) Family takaful is comparable to: (Copy) Which of the following contracts are exempt from existence and ownership of the asset? -s (Copy) Which of the following are the primary source of Islamic (Shariah) Law? -s (Copy) Is dealing in RIBA (interest & usury) essential for human survival? -s (Copy) What are some of the challenges facing the Islamic finance industry in terms of global expansion? (Copy) Can the use of a conventional benchmark for pricing render a Shariah compliant product non-compliant? -s (Copy) What is Qard Al-Hasan in Islamic finance? (Copy) Islamic Finance is only confined to Muslims? -s (Copy) Which of the following reports provides an independent opinion on Sharia’a comp liance of an institution during a reporting period? -s (Copy) In which Islamic finance sales contract does the seller not disclose both the original cost price and the markup to the buyer? (Copy) What is the term or contract commonly used for the Islamic equivalent of a conventional bank current account? (Copy) Shariah Scholars of the Islamic Banks are Appointed by: -s (Copy) In an Ijarah contract the rent period starts immediately after the lease agreement has been signed without giving the possession of the asset/goods to the lessee. -s (Copy) What is the main reason why many Islamic scholars have problems with the Shari’ah compliant nature of Tawarruq? (Copy) What is the Islamic concept of “Amanah”? -s (Copy) The originator in a sukuk is best described as an entity who is…. (Copy) IBaaD Home Non-compliance with shariah principles is a major threat to the stability of Islamic financial institutions. -s (Copy) Which organization is responsible for setting Shari’ah standards for Islamic finance? -s (Copy) An Ijarah (leasing) contract involves selling: (Copy) Which of the following is NOT an ethical principle in Islamic finance? -s (Copy) Certificate of Specialization