The functions of Islamic banks and financial institutions are limited to accepting deposits, managing savings and current accounts for their customers and engaging in partnership financing.

Question

Quizplus · Accepted Answer

Islamic banks and financial institutions offer a wide range of services beyond accepting deposits and managing accounts, including investment services, asset management, and various forms of Islamic financing like Murabaha (cost-plus financing), Mudarabah (profit-sharing), and Ijara (leasing), among others.

The Functions of Islamic Banks and Financial Institutions Are Limited