Solution-Which islamic banks rely on the major sources of

Which islamic banks rely on the major sources of funds

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Reference no: EM132961613

Problem 1: Islamic banks rely on the following two (2) major sources of funds:

A) Transaction deposits and accounts receivables.

B) Investment deposits and current accounts.

C) Transaction deposits and investment deposits.

D) Accounts payable and investment accounts.

Problem 2: A muslim can continue earning rewards even after death. Waqf is the best instrument for facilitating this through the followings, EXCEPT:

A) Property waqf involves physical assets such as mosques, plots of land, houses, hospitals, offices, buildings, and other properties.

B) Corporate waqf in the form of corporate shares are issued and managed by a corporate body.

C) Cash waqf differs from the ordinary property of waqf in its original capital consisting of purely or partially cash.

D) Revenue waqf created for a limited or fixed period such as from the agricultural project selling and buying crops under the contract of Bai' As-Salam.

Reference no: EM132961613

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Which islamic banks rely on the major sources of funds

Reference no: EM132961613

Reference no: EM132961613

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