Final-Term Exam Summer – 2021

Subject: Islamic Studies Submission Duration: 3 Hours

Instructor: Rasheed Ahmed Submission Date: 07-09-2021
Program: BBA Max. Marks: 40

Department of Business administration

Please follow the instructions carefully:

1. Write your answers directly on BlackBoard or upload the answer file with in the
submission Time on Blackboard.
2. Write your name and registration ID on the first page of your Word file.
3. Answer scripts can only be uploaded on Blackboard any time before its deadline.
4. To avoid any unforeseen problems, you are advised NOT to wait for the last hour to
upload your answer script.
5. Submission of answer copy(ies) will be considered acceptable through Blackboard only.
Therefore, do not submit your document through email or any other medium.
6. Use 12 pt. font size and Times New Roman font style along with 1-inch page margins.
7. Follow the requirements of the word limit and the marking criteria while writing your
answers.
8. Provide relevant, original and conceptual answers, as this exam aims to test your ability to
examine, explain, modify or develop concepts discussed in class.
9. Do not copy answers from the internet or other sources. The plagiarism of your answers
may be checked through Turnitin.
10. Recheck your answers before the submission on BlackBoard to correct any content or
language related errors.
11. Double check your word file before uploading it on BlackBoard to ensure that you have
uploaded the correct file with your answers.
Question 1. (07)

How does an Islamic bank deal in Mudaraba and what are the areas where
Mudaraba can be applied?

Question 2. (07)
Describe Shirkat ul Aqd and its all three types and which kind of Musharka does
an Islamic bank apply as aa mode of finance?

Question 3. (07)
Which model of Takaful is being adopted in Pakistan and how does it work?

Question 4. (07)
How does an Islamic bank deal in Ijara as a mode of finance? Write the procedure
and way of transformation of ownership to customer.

Question 5. (06)
Is it allowed to sale or rent out undivided portion of one’s ownership?
Question 6. (06)
Define Mudarib and Rab ul Mal and describe Wither Islamic bank always work as
a Mudarib or are there cases where bank deal as a Rabb ul Mal?