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In Musharakah, profit should be allocated according to the capital contribution proportionate of partners. Select one: True False In the credit types of Islamic financing,

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In Musharakah, profit should be allocated according to the capital contribution proportionate of partners. Select one: True False In the credit types of Islamic financing, like Murabaha and Ijara transactions, which provide credit against usufruct or tangible asset, require Islamic banks to question the client's purpose and use of finance. Thus, it keeps credit tied to real economic activity for each transaction and throughout the tenor of contract. Select one: True False The fact that there are no approved standards especially for interest free banks in most of the Muslim countries has led Islamic banks to follow the conventional banking regulations. This, in turn, caused them to provide 'Sharia-compliant structures for conventional products'. Select one: True False Risk sharing structure of investment mudarabah deposits is one of the aspects that renders Islamic Banks different from the conventional banks in terms of risk management Select one: True False The direct impact of the 2008 global economic crisis on the Islamic banking sector was as deep as to that felt by the conventional financial system despite the intrinsic principles that, to some extent, administer the operation of the Islamic financial sector Select one: True False

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