By Brian Kettell
The continued turbulence within the worldwide monetary markets has drawn awareness to another method of monetary intermediation: Islamic banking and finance. this can be now one of many quickest growing to be sectors in the marketplace position and has, up to now, remained at the sidelines of this unrest. because the inception of Islamic banking thirty years in the past the quantity and succeed in of Islamic monetary associations all over the world has risen considerably. associations providing Islamic monetary companies represent an important and transforming into percentage of the economic system in numerous nations, and industry members all over the place are becoming a member of the race to review and be part of this rising monetary system.
The Islamic Banking and Finance Workbook is a special workbook at the subject, permitting readers to check their realizing of Islamic banking and finance strategies. even if compatible as a standalone studying device, the e-book is designed to check the data coated within the significant other booklet, Introduction to Islamic Finance and Banking, and covers the basics of Sharia'a legislations, the Islamic contracts interpretations and definitions, Murabaha, Mudaraba, Musharaka, Istisna'a, Salam and Ijara modes of finance, Takaful and lots more and plenty extra. Emphasis is put on mini case stories, a number of selection questions and exams of the fundamental options. it is also an entire resolution key and short bankruptcy summaries, in addition to studying objectives.
The Islamic Banking and Finance Workbook is an important studying device for college students and practitioners who are looking to try out their wisdom of the speedily transforming into global of Islamic banking and finance.
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Additional resources for The Islamic Banking and Finance Workbook: Step-by-Step Exercises to help you Master the Fundamentals of Islamic Banking and Finance
Example text
Mudaraba can be understood as being similar to the function of an asset manager. Legally the Mudaraba contract is established as being permissible by the consensus of the Islamic scholars and is not based on primary sources of the Sharia’a. 50 The Islamic Banking and Finance Workbook As the profits are shared with the manager (Mudarib) and the capital provider (Rab ul Mall), but the losses are borne only by the capital provider, the Mudaraba mode is also named ‘profit sharing – loss bearing’. Before the manager gets his share, the losses (if any), however, need to be recovered.
C. D. 15. A. B. C. D. 16. A. B. TRUE TRUE FALSE FALSE TRUE FALSE TRUE FALSE TRUE FALSE FALSE TRUE TRUE TRUE FALSE TRUE TRUE TRUE FALSE TRUE TRUE TRUE TRUE TRUE FALSE FALSE TRUE FALSE FALSE FALSE TRUE TRUE FALSE FALSE TRUE FALSE FALSE TRUE TRUE FALSE TRUE FALSE FALSE FALSE TRUE TRUE 33 34 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. The Islamic Banking and Finance Workbook C. D. A. B. C. D. A. B. C. D. E. A. B. C. D. E. A. B. C. D. A. B. C. D. A. B. C. D. A. B. C. D. A. B. C. A. B. C. D. A. B. C.
T F 8. If there is default by the buyer: A. The Rab ul Mall can renegotiate the price. T F B. The Rab ul Mall can charge late payment fees. T F C. The buyer must donate money to charity. T F 9. A key feature of the Murabaha transaction is that: A. Money is being sold for money. T F B. A commodity is being sold for money. T F C. A commodity is being sold for a commodity. T F 10. With Murabaha: A. No roll-over is permitted. T F B. No price renegotiation is permitted. T F C. The price to the buyer is fixed.