Principles of Islamic finance (Islamic Study) MCQs

By: Prof. Dr. Fazal Rehman | Last updated: May 19, 2025

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1. : Which principle of Islamic finance prohibits interest-based transactions?



2. : What does “Ijarah” entail in Islamic finance?



3. : Which Islamic finance principle involves profit-sharing arrangements?



4. : What is the Islamic term for a partnership-based contract in which profits and losses are shared?



5. : In Islamic finance, what does “Musharakah” refer to?



6. : What is “Waqf” in Islamic finance?



7. : Which principle of Islamic finance involves deferred payments with a markup?



8. : What is “Qard Hasan” in Islamic finance?



9. : Which principle of Islamic finance involves risk-sharing between parties?



10. : What is “Tawarruq” in Islamic finance?



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