Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A. Islamic Finance represents 1. Any financial activity free of Riba. 2. Any financial activity compliant with Sharia 3. All financial activities financing Muslims and

image text in transcribed

A. Islamic Finance represents 1. Any financial activity free of Riba. 2. Any financial activity compliant with Sharia 3. All financial activities financing Muslims and Islamic projects. 4. All non-profit financial activities B. The Islamic banking component of Islamic financial services may be: 1. Fully fledged Islamic banks. 2. Islamic subsidiaries. 3. 'windows' of conventional banks. 4. All of the above. C. Which of the following is not considered a component of Sharia 1. Rules governing Beliefs and Faith 2. Moral and Ethics 3. Practical rules found in Fiqh 4. Qiyas (analogical reasoning) D. Which of the following is not considered as a primary source of Sharia 1. Quran 2. Sunna 3. Ijma and Qiya 4. Urf (customary practices)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions