The sale and purchase of listed stock is __________________ in Islam as long as they fulfill certain conditions.

• A) Not permissible
• B) Partially permissible
• C) Permissible
• D) None of the given options

How many Takaful windows are operating in Pakistan?

• A) 40
• B) 29
• C) 20
• D) 21

Enhancement in the basic models of Islamic microfinance is done through ____________________.

• A) Waqf
• B) Qarde Hassan
• C) Zakat
• D) Zakat & Qarde Hassan

When Sukuk holders can get hold of the underlying asset in case the obligor defaults this term is known as ___________________.

• A) Re-newel
• B) Reimbursement
• C) Recourse
• D) Repayment

Following are the Sharia screens applied to pick up the Sharia compliant stock Except___________.

• A) Financial screen
• B) Business and financial screens
• C) Business screen
• D) Accounting screen

The contract in which one party provides the capital and other provides services is called________________.

• A) Salam
• B) Musharka
• C) Murabha
• D) Mudarba

Takaful Ta’awani is ______________________.

• A) Waqf based model
• B) None of the given options
• C) Mudarba based model
• D) Murabaha based Model

Murabaha micro finance model in practicality is close to _________________ but operationally it is quite different.

• A) Islamic micro finance
• B) Conventional micro finance
• C) Ijara model
• D) Musharkah model

The practice of Takaful model was sarted with ________________.

• A) Salam based Takaful model
• B) Mudarabah based Takaful model
• C) Wakala based Takaful model
• D) Interest free Takaful model

In Takaful model of Islamic insurance a Hybrid Model is _______________________.

• A) Tijarah-Wakala based Takaful model
• B) Mudaraba-Tijarah based Takaful model
• C) Mudaraba-Wakala based Takaful model
• D) Murabaha-Ijara based Takaful model

In a Wakala based Takaful model, who will receive the benefits as per their needs and circumstances?

• A) Participants
• B) Patriots
• C) Parents
• D) Partners

Securities commission Malaysia Methodology having only ________________ criteria points of financial screening of listed stock.

• A) 3
• B) 4
• C) 5
• D) 2

____________________ Tawarruq is not compliant with Shariah.

• A) partially unorganized
• B) Organized
• C) Unorganized
• D) partially organized

Life Takaful is ____________ from General Takaful.

• A) Different
• B) Entirely different
• C) Not different
• D) Slightly different

In Islamic microfinance , _______________purchases the merchandise from the market.

• A) Conventional bank
• B) The customer and the micro finance provider
• C) The microfinance provider
• D) The customer

The common point in Mudarbah ,Musharkah based Islamic microfinance model and conventional microfinance is the ____________________

• A) Provision of Machinery
• B) Provision of fixed asset
• C) Provision of cash
• D) Provision of security

Which of the following is the profit-sharing arrangement?

• A) Salam
• B) Istisna
• C) Wakala
• D) Mudaraba

As per FTSE financial screening methodology , total interest & non permissible income divided by total income should be less that or equal to _______________.

• A) 6%
• B) 5%
• C) 4%
• D) 3%

Salam based Islamic microfinance is used to finance____________________.

• A) Raw material
• B) Agriculture products
• C) Inventory
• D) Working capital

How many Full-Fledge Takaful companies are operating in Pakistan?

• A) 12
• B) 11
• C) 10
• D) 2