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Islamic mutual funds can be any of the following except: O Halal commodity fund Oljara fund O Exchange-Traded fund (ETF) O Fixed return fund such

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Islamic mutual funds can be any of the following except: O Halal commodity fund Oljara fund O Exchange-Traded fund (ETF) O Fixed return fund such as Treasury Bills. In case of loss in a Mudaraba contract- O The loss is to be shared by both the partners O Only Mudarib will bear the loss The loss will be shared in the ratio of their capital Only Rabb-Ul-Mal will bear the loss

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