Which of the following is seen by many as a key advantage of the principle of profit and loss sharing?
A) The Islamic bank will have an interest in the success of projects it invests in,leading to a closer relationship between bank and entrepreneur.
B) The Islamic bank reduces its exposure by sharing its losses with customers
C) The Islamic bank is able to provide the community with funds for good causes.
D) The bank takes no part in any decision making in respect of the management of the company.
Correct Answer:
Verified
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Q14: What is 'zakat'?
A)An insurance premium charged for
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Q17: Debt- or Asset-based financing:
A)Is designed so that
Q18: Which of the following are true with
Q19: Islamic financial institutions invest according to the
Q20: Which of the following statements are true?
A)Islamic
Q21: A company enters into an Islamic finance
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