Islamic banking

1. A number of Islamic banks were formed to provide to this particular

banking market in late
● 20th century
2. Earliest Islamic banking was establisehed in Malaysia in
● 1983
3. Banking or banking action that is consistent with main belifes of shariah
● Islamic banking
4. Islamic banking structure is based on
● Risk sharing
5. First Islamic bank was recognized in
● Malaysia
6. Islam prohibits this kind of trading with involve:
● Riba
7. When money badgets money without being exchanged for goods and
services is caleed
● Riba
8. Riba must be related to
● Loan
9. Repayment time in riba is
● Fixed
10.Pilgrims saving corporation was established in year
● 1963
11.Plgrims saving corporation know known as
● Tabung haji
12.The nasir social bank established in
● 1971
13.Islamic development bank was established in
● 1974
14.The philipine amanah bank was established in
● 1973
15.Which transaction executed by PAB
● Islamic and conventional
16.First attempt at establishment of Islamic banking in western world was took
place in
● Luxembourg
17.Islamic banking system international holding was established in
● 1978
18.Denamrk Islamic bank established in
● 1982
19.Islamic finance house was established in
● London in june 1983

20.Dubai Islamic bank of UAE

● 1975
21.Islamic bank investment company was established in
● 1977
22.DAR AL MAL AL ISLAMI establissed in
● 1981
23.Islami bank Bangladesh established in
● 1983
24.Al- rajhi banking Investment Corporation of Saudi Arabia in
● 1985
25.Al arfah islami bank established in
● 1995
26.Mezan bank established in
● 2002
27.Co nventional banks follow the …… principal
● Man made
28.Islamic bank follows principles
● Islamic shariah
29.Fundmental function of conventional bank is ….
● Lending money
30.Fundamental fuction of Islamic bak is
● Partnership
31.Relationship of conventional bank with the client is
● Creditor and debtor
32.Relationship of Islamic bank with the client is
● Partners investors and traders
33.Islamic banks give importance to
● public intrest