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The MCQs below are drawn from the Islamic Studies subject category.
Showing 391–400
of 4445 MCQs
Page 40 / 445
391
What is the main Shariah concern with conventional insurance?
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Explanation
Conventional insurance contains gharar (uncertainty) and riba (interest), which violate Shariah.
392
Which Islamic principle promotes risk-sharing in business?
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Explanation
Mudarabah and Musharakah are equity-based models promoting risk-sharing between partners.
393
What is 'Salam' in Islamic banking?
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Explanation
Salam allows prepayment for future delivery, facilitating agricultural or production financing.
394
What does 'Istisna’' mean in Islamic finance?
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Explanation
Istisna’ is a sale contract for manufacturing or construction with deferred delivery.
395
Which of the following activities is prohibited in Shariah-compliant investment?
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Explanation
Any investment in haram industries like alcohol, gambling, or pork is forbidden.
396
What does 'Bai' refer to in Islamic law?
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Explanation
Bai’ is Arabic for sale, a lawful means of income in Shariah.
397
What is the main source of income for Islamic banks?
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Explanation
Islamic banks earn through asset-based trade and profit-sharing, not interest.
398
Which Islamic term refers to partnership in ownership?
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Explanation
Musharakah is a joint ownership partnership sharing profit and loss.
399
In Mudarabah, who bears the financial loss?
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Explanation
The Rabb al-Mal bears financial loss while the Mudarib loses effort and time.
400
Which Quranic verse explicitly forbids Riba?
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Explanation
Allah says in 2:275, 'Allah has permitted trade and forbidden Riba.'
