IBs:
A) invest in assets that do not pay interest.
B) purchase assets and lease them to customers for a fixed price and time period.
C) do not pay interest.
D) all of the above.

Question

Quizplus · Accepted Answer

Islamic Banks (IBs) operate based on Sharia law, which prohibits interest (riba). They invest in assets that do not pay interest, do not charge or pay interest themselves, and often engage in transactions like purchasing assets to lease them to customers, ensuring all their activities are compliant with Islamic principles.