Ijarah financing is a growing area for Islamic financing?
An Ijarah contract is:
A) A contractual arrangement whereby the bank finances the high-purchase of an asset which reverts to the bank at the end of the higher purchase arrangement
B) A contractual arrangement whereby the bank buys some form of durable asset and leases it to the customer for a rental payment based on a prearranged schedule
C) An insurance policy protecting the customers against loss or damage to a durable asset.
D) A contractual arrangement whereby the bank purchases an asset for a deferred delivery date in exchange for immediate payment.
Correct Answer:
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Q20: Which of the following statements are true?
A)Islamic
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Q22: Which of the following describes Murabahah?
A)An asset-based
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Q24: Which of the following modes of Islamic
Q26: In 2008 the Islamic banking system was
Q27: Which of the following describes Hiba?
A)An asset-based
Q28: The modern Islamic banking movement began with
Q29: To highlight the growing importance of Islamic
Q30: Which of the following is not seen
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