Question: Which of the following can be considered as basic principles of Islamic banking: [Please not this question has multiple answers and you need to select

Which of the following can be considered as basic principles of Islamic banking: [Please not this question has multiple answers and you need to select all of the correct answers to gain marks.]Required to answer. Multiple choice.

(5 Points)

prohibition of predetermined loan repayments as interest

making money out of money as being unacceptable

prohibition of speculative behaviour

taking high risk to earn high returns

investing in only government backed projects

providing fiancial support to small and medium sized enterprises

investing in international projects and securities only

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!