MCQ Bank
Which of the following cannot be the part of capital in Musharakah?
- A) Liquid assets
- B) Fixed assets
- C) Commodities
- D) Debts
Developing a comprehensive Sharia’h compliance framework for all areas of operations of the IBI is the responsibility of:
- A) Sharia’h Advisor
- B) Sharia’h board
- C) Sharia’h scholar
- D) SBP’s central Sharia’h board
The event of Financial Credit crises in US happened in the year:
- A) 2008
- B) 2004
- C) 2001
- D) 1995
Which of the following prohibited element (s) is/are present in conventional insurance?
- A) Riba
- B) Gharar
- C) Qimar
- D) All of the given options
Standard No. 2 of AAOIFI provides the guidelines regarding:
- A) Electronic money
- B) Murabaha process flow
- C) Letter of guarantee
- D) Letter of credit
Which of the following is the second most used mode of finance by Islamic banks of Pakistan?
- A) Diminishing Musharakah
- B) Ijarah
- C) Murabaha
- D) Musharakah
Which of the following party will be appointed as an agent of bank in Import financing through Murabaha?
- A) Correspondent bank
- B) Exporter
- C) Importer
- D) Exporter’s bank
How many members are included in SBP’s central Sharia’h board?
- A) Three members
- B) Five members
- C) Two members
- D) Six members
In Home financing, Islamic bank sell its share to the client on:
- A) Historical Price
- B) Cost plus profit basis
- C) Market price
- D) Pre-agreed price