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Islamic credit cards use which shariah concepts

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Reference no: EM132961615

Problem 1: All of the statements below concerning Government Investment Issues (Gll) are correct EXCEPT;

A) The government is obliged to return the principal amount to the providers on funds at maturity.

B) To provide Islamic banks a Shari'ah compliant avenue to meet the statutory liquidity requirements.

C) The successful bidders will pay cash to the government at par based on credit term.

D) It is governed by Government Investment Act (Malaysia) 1983.

Problem 2: Islamic credit cards use which Shariah concepts?

A) Qard and Murabahah

B) Ujrah and Tawarruq

C) BBA and Bai Al-Inah

D) Musyarakah and Ijarah

Reference no: EM132961615

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