Mudarabah accounts are:
A) A profit sharing contract where the capital provider agrees to share the profits from an investment between themselves and the business owner in a prearranged ratio.
B) A savings account which allows the bank to use the investors funds provided they obtain explicit permission to do so.
C) A financing contract where the bank purchases an asset at a deferred delivery date in exchange for immediate payment.
D) A profit and loss sharing contract where all parties to the contract pool their investments and take common ownership of investment assets in proportion to their initial stake.
Correct Answer:
Verified
Q1: Which of the following describes a feature
Q2: Uncertainty in a transaction is known as:
A)Gharar.
B)Haram.
C)Riba.
D)Takaful.
Q3: Which of the following statements is true?
A)In
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
Q10: Which of the following statements is not
Q11: Islamic financial companies are reluctant to invest
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