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

Which of the following is a fundamental issue of insurance?

• A) Hiba
• B) Gharar
• C) Qard
• D) Wa’ad

Which one of the following is true about tawarruq.

• A) Tawarruq does not fulfills all the requirements of the conventional finance
• B) Tawarruq does not fulfills all the Shariah requirements
• C) Tawarruq fulfills all the requirements of conventional finance
• D) Tawarruq fulfills all the Shariah requirements

In Wakala based Takaful model Takaful fund is segregated in to __________ and__________.

• A) Risk fund, management fund
• B) Rate fund, Investee fund
• C) Profit fund, Investment fund
• D) Risk fund, Investment fund

Provision of small amounts of financing to help the poor /targeted people of the society is called ________________.

• A) Macro financing
• B) Mortgage financing
• C) Long term financing
• D) Micro financing

________________ offers guarantee to microfinance providers who provide financing in under developed districts in Pakistan.

• A) Meezan Bank
• B) Faysal Bank
• C) State bank of Pakistan
• D) Akhuwat Foundation

Which of the following describes the term “Musharaka”?

• A) Profit and loss sharing
• B) leasing
• C) Profit sharing
• D) Cost plus

Business screen is applied ___________________ the financial screen to pick up the listed stock for investment.

• A) After
• B) Before and after
• C) None of the given options
• D) Before