Which of the following statements is not a key difference between Islamic and conventional banks.?
A) A conventional bank aims to maximize profits for the shareholders and provide adequate returns to depositors.
B) Conventional bank financing is interest orientated and both fixed and variable rates can be charged for the use of money.
C) In conventional banking speculative ventures can be.and are undertaken.
D) In conventional banking depositors gain interest and a guarantee of principal repayment.
Correct Answer:
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Q5: Since the 1970's the Islamic banking industry
Q6: In 2010 global assets held under Islamic
Q7: Usury,or the charging of interest is prohibited
Q8: A Mudarabah contract differs from a Musharakah
Q9: Current account holders with an Islamic bank
Q11: Islamic financial companies are reluctant to invest
Q12: Riba is a fundamental doctrine of Islamic
Q13: Which of the following is not true
Q14: What is 'zakat'?
A)An insurance premium charged for
Q15: Which of the following businesses would not
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