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Which is false about islamic savings deposit

Assignment Help Financial Accounting
Reference no: EM132961623

Problem 1: The following are the reasons for the needs of regulation of Islamic Financial Institution EXCEPT;

A) To protect the interest of depositors and investment account holders of Islamic Financial Institutions.

B) To ensure the products offered are comply with Shariah.

C) To facilitate development and national financial markets by delineating relative investment or credit risk.

D) To support the integration of Islamic Financial Institutions in the International Financial System.

Problem 2: Which of the following is FALSE about Islamic savings deposit?

A) The bank can offer incentives to attract new depositors in the form of gift, promotional item and etc.

B) The banks need to offer competent and solid money and capital market.

C) To be founded upon an established and secure payment system.

D) To help in the reduction of information and provisional costs.

 

Reference no: EM132961623

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