Solved

The Following Statements Are True Regarding the Social Role of Islamic

Question 112

Multiple Choice

The following statements are true regarding the social role of Islamic banks EXCEPT:


A) all classes of people in the society are accommodated within the general sphere of Islamic financing
B) the social dimension of the objectives of Islamic banks is the promotion and support of Small and Medium Enterprises SMEs. to further bridge the gap between the rich and the poor in the society
C) Islamic banks demonstrate their social role through the extension of their credit facilities to big businesses with the aim of having more equitable distribution of wealth amongst all members of society
D) any Islamic microfinance scheme must have the potentiality of providing the poor with reasonable credit facilities to finance their microenterprises

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents