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Finalterm Spring 2026
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BNK611 - BNK611

01 Aug 2026

My entire exam was based on these topics and questions. Topics: 1. Musharakah (Partnership) 2. Gharar 3. Gambling 4. Riba 5. MEC 6. Trade 7. Production of Wealth 8. Factors of Production 9. Diffe…

My entire exam was based on these topics and questions. Topics: 1. Musharakah (Partnership) 2. Gharar 3. Gambling 4. Riba 5. MEC 6. Trade 7. Production of Wealth 8. Factors of Production 9. Difference between Conventional and Islamic Banking 10. Nisab and the Rate of Zakat 11. Tax 12. Define Zakat Questions: 1. Define Riba and Why no Quranic definition of Riba? 2. Explain Riba trading rules? 3. List the four factors of production under Capitalism. 4. What is the key difference in how conventional and Islamic banks treat “all deposits” as liabilities? 5. What is the Zakat rate on gold, silver, and cash, and on mined wealth? Answer: 2.5% on gold, silver, and cash once Nisab is reached; 1/5th (20%) on the yield of mines and treasure.

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