Question No 01 06 Marks You have studied the application of partnership, sale and purchase, and rental based Islamic financial products in Islamic banks. In contrast, you have also studied the functioning of conventional banks. Your task is to give your personal reflection on:

Is Islamic banking really different? Which banking side is good for our economy? Why?

Question No 02 06 Marks What is a difference between Musharaka and Mudaraba? What are the common basic rules between them to be followed? What are the uncommon rules between them?

Question No 03 08 Marks If you go to an Islamic bank and ask for financing for following purposes, which financial product Islamic bank will most likely to use and why?

10 years financing to start a new project 5 years financing to construct a house on your land 3 years financing for a heavy duty generator 6 months financing for IPhone 12