831. The title given to the pioneers of Islam was?
A. Mushahidoon al Awwalun
B. Muslimoon al Awwalun
(C. Assabiqoon al Awwalun)
D. Al-Awwalun
832. The Islamic financial system regards “the time value of money” as
(A) interest
(B) rent
(C) loss
(D) profit
833. The Islamic financial system regards “the monetary value of time” as
(A) interest
(B) profit
(C) loss
(D) rent
834. In Sharia law and Islamic financing, “making money from money” is
(A) permitted
(B) not permitted
(C) permitted in certain cases
(D) permitted for Islamic banks only
835. The Islamic financial system works on the basis of
(A) sharing return
(B) sharing risk
(C) sharing risk and return
(D) predetermined risk and return
836. In Islamic banking and finance, any deal must have an underlying __ backing the deal.
(A) asset
(B) profit
(C) risk
(D) currency
837. Prophet __ (A.S) is known as Shaikh al-Anbiya.
(A) Noah
(B) Essa
(C) Musa
(D) Haroon
838. Camels less than __ are zakat-free as established by Holy Prophet (PBUH).
(A) 3
(B) 5
(C) 6
(D) 7
839. When was ablution made obligatory?
(A) 4th A.H
(B) 5th A.H
(C) 6th A.H
(D) 7th A.H
840. Islamic Finance is strongly __ oriented.
(A) profit
(B) money
(C) equity
(D) interest
Admin