The Islamic finance products are designed in a way to preserve the true nature of Islamic financial transactions without considering the needs of the conventional markets.
Correct Answer:
Verified
Q17: The first full-fledged world Islamic commercial bank
Q18: The first Muslim coins were struck during
Q19: The significance of zakat is largely attributed
Q20: Any form of interest-free banking based on
Q21: Takaful is the Islamic alternative to reinsurance
Q23: According to a 2010 estimate, there are
Q24: The following modes. of transactions were prevailing
Q25: In Islamic law, financial products are restricted
Q26: The period of the noble companions and
Q27: The period of Orthodox Caliphate covered the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents