Islamic History MCQs

Islamic Finance – Ethical Investments Halal Stocks MCQs with Answer

The following are Islamic Finance – Ethical Investments Halal Stocks MCQs with answers related to Islamic Studies. We have arranged the most important and repeated MCQs in all the competitive examinations. The students can clear their concepts for Islamic Finance – Ethical Investments Halal Stocks MCQs online quiz by attempting these.

Islamic Finance – Ethical Investments Halal Stocks Online MCQs with Answers

What is the primary concept in Islamic finance that prohibits the payment or receipt of interest?
A) Riba
B) Zakat
C) Musharakah
D) Takaful

Answer
A) Riba

Which Islamic finance principle emphasizes risk and profit-sharing among partners?
A) Mudarabah
B) Waqf
C) Ijarah
D) Sukuk

Answer
A) Mudarabah

What is the Arabic term for Islamic contracts or agreements that comply with Sharia principles?
A) Ta’awun
B) Muamalat
C) Aqad
D) Murabaha

Answer
C) Aqad

Which type of Islamic investment involves purchasing and leasing assets, such as real estate or equipment, to generate income?
A) Mudarabah
B) Ijarah
C) Murabaha
D) Wakalah

Answer
B) Ijarah

What is the Islamic concept of giving to charity or sharing one’s wealth with those in need?
A) Zakat
B) Qard Hasan
C) Takaful
D) Sadaqah

Answer
D) Sadaqah

In Islamic finance, what is the term for the contract that involves the sale of goods at a marked-up price, allowing for deferred payment?
A) Musharakah
B) Ijarah
C) Murabaha
D) Waqf

Answer
C) Murabaha

What is the Islamic finance principle of ethical and responsible investment that avoids investments in businesses considered harmful or non-compliant with Sharia?
A) Riba
B) Gharar
C) Halal investing
D) Mudarabah

Answer
C) Halal investing

Which type of Islamic financial instrument represents ownership in a tangible asset, similar to a bond in conventional finance?
A) Musharakah
B) Sukuk
C) Ijarah
D) Murabaha

Answer
B) Sukuk

What is the term for the Islamic practice of collective risk-sharing, similar to mutual insurance?
A) Mudarabah
B) Waqf
C) Takaful
D) Zakat

Answer
C) Takaful

Which Islamic finance principle involves selling an asset to a customer at a profit and allowing deferred payments?
A) Murabaha
B) Ijarah
C) Qard Hasan
D) Musharakah

Answer
A) Murabaha

What is the practice of giving a benevolent, interest-free loan in Islamic finance?
A) Takaful
B) Qard Hasan
C) Zakat
D) Gharar

Answer
B) Qard Hasan

In Islamic finance, what is the term for excessive uncertainty or ambiguity in a contract that can lead to exploitation?
A) Riba
B) Gharar
C) Mudarabah
D) Wakalah

Answer
B) Gharar

What is the Islamic practice of endowment, where assets are dedicated to charitable purposes or public welfare?
A) Takaful
B) Ijarah
C) Waqf
D) Murabaha

Answer
C) Waqf

Which Islamic finance principle involves appointing a representative or agent to conduct financial transactions on behalf of others?
A) Mudarabah
B) Ijarah
C) Wakalah
D) Sukuk

Answer
C) Wakalah

What is the term for the Islamic practice of purification through giving a portion of one’s wealth to those in need?
A) Sadaqah
B) Zakat
C) Murabaha
D) Takaful

Answer
B) Zakat

In Islamic finance, what is the term for the prohibition of gambling and excessive uncertainty?
A) Qard Hasan
B) Riba
C) Gharar
D) Takaful

Answer
C) Gharar

Which Islamic finance principle involves a partnership where profits and losses are shared based on a pre-agreed ratio?
A) Wakalah
B) Ijarah
C) Musharakah
D) Sukuk

Answer
C) Musharakah

What is the Islamic term for an interest-free loan given to help those in financial need?
A) Sadaqah
B) Qard Hasan
C) Zakat
D) Takaful

Answer
B) Qard Hasan

Which Islamic finance instrument is based on the sale and leaseback of assets, allowing businesses to use them while generating income?
A) Sukuk
B) Ijarah
C) Murabaha
D) Musharakah

Answer
B) Ijarah

What is the practice of donating a portion of one’s wealth to charity as an act of worship in Islam?
A) Takaful
B) Qard Hasan
C) Sadaqah
D) Zakat

Answer
C) Sadaqah

What is the primary concept in Islamic finance that prohibits the payment or receipt of interest?
A) Riba
B) Zakat
C) Musharakah
D) Takaful

Answer
A) Riba

Which Islamic finance principle emphasizes risk and profit-sharing among partners?
A) Mudarabah
B) Waqf
C) Ijarah
D) Sukuk

Answer
A) Mudarabah

What is the Arabic term for Islamic contracts or agreements that comply with Sharia principles?
A) Ta’awun
B) Muamalat
C) Aqad
D) Murabaha

Answer
C) Aqad

Which type of Islamic investment involves purchasing and leasing assets, such as real estate or equipment, to generate income?
A) Mudarabah
B) Ijarah
C) Murabaha
D) Wakalah

Answer
B) Ijarah

What is the Islamic concept of giving to charity or sharing one’s wealth with those in need?
A) Zakat
B) Qard Hasan
C) Takaful
D) Sadaqah

Answer
D) Sadaqah

In Islamic finance, what is the term for the contract that involves the sale of goods at a marked-up price, allowing for deferred payment?
A) Musharakah
B) Ijarah
C) Murabaha
D) Waqf

Answer
C) Murabaha

What is the Islamic finance principle of ethical and responsible investment that avoids investments in businesses considered harmful or non-compliant with Sharia?
A) Riba
B) Gharar
C) Halal investing
D) Mudarabah

Answer
C) Halal investing

Which type of Islamic financial instrument represents ownership in a tangible asset, similar to a bond in conventional finance?
A) Musharakah
B) Sukuk
C) Ijarah
D) Murabaha

Answer
B) Sukuk

What is the term for the Islamic practice of collective risk-sharing, similar to mutual insurance?
A) Mudarabah
B) Waqf
C) Takaful
D) Zakat

Answer
C) Takaful

Which Islamic finance principle involves selling an asset to a customer at a profit and allowing deferred payments?
A) Murabaha
B) Ijarah
C) Qard Hasan
D) Musharakah

Answer
A) Murabaha

What is the practice of giving a benevolent, interest-free loan in Islamic finance?
A) Takaful
B) Qard Hasan
C) Zakat
D) Gharar

Answer
B) Qard Hasan

In Islamic finance, what is the term for excessive uncertainty or ambiguity in a contract that can lead to exploitation?
A) Riba
B) Gharar
C) Mudarabah
D) Wakalah

Answer
B) Gharar

What is the Islamic practice of endowment, where assets are dedicated to charitable purposes or public welfare?
A) Takaful
B) Ijarah
C) Waqf
D) Murabaha

Answer
C) Waqf

Which Islamic finance principle involves appointing a representative or agent to conduct financial transactions on behalf of others?
A) Mudarabah
B) Ijarah
C) Wakalah
D) Sukuk

Answer
C) Wakalah

What is the term for the Islamic practice of purification through giving a portion of one’s wealth to those in need?
A) Sadaqah
B) Zakat
C) Murabaha
D) Takaful

Answer
B) Zakat

In Islamic finance, what is the term for the prohibition of gambling and excessive uncertainty?
A) Qard Hasan
B) Riba
C) Gharar
D) Takaful

Answer
C) Gharar

Which Islamic finance principle involves a partnership where profits and losses are shared based on a pre-agreed ratio?
A) Wakalah
B) Ijarah
C) Musharakah
D) Sukuk

Answer
C) Musharakah

What is the term for the Islamic practice of giving a portion of one’s wealth to charity as an act of worship in Islam?
A) Takaful
B) Qard Hasan
C) Sadaqah
D) Zakat

Answer
C) Sadaqah

What is the primary concept in Islamic finance that prohibits the payment or receipt of interest?
A) Riba
B) Zakat
C) Musharakah
D) Takaful

Answer
A) Riba

Which Islamic finance principle emphasizes risk and profit-sharing among partners?
A) Mudarabah
B) Waqf
C) Ijarah
D) Sukuk

Answer
A) Mudarabah

What is the Arabic term for Islamic contracts or agreements that comply with Sharia principles?
A) Ta’awun
B) Muamalat
C) Aqad
D) Murabaha

Answer
C) Aqad

Which type of Islamic investment involves purchasing and leasing assets, such as real estate or equipment, to generate income?
A) Mudarabah
B) Ijarah
C) Murabaha
D) Wakalah

Answer
B) Ijarah

What is the Islamic concept of giving to charity or sharing one’s wealth with those in need?
A) Zakat
B) Qard Hasan
C) Takaful
D) Sadaqah

Answer
D) Sadaqah

In Islamic finance, what is the term for the contract that involves the sale of goods at a marked-up price, allowing for deferred payment?
A) Musharakah
B) Ijarah
C) Murabaha
D) Waqf

Answer
C) Murabaha

What is the Islamic finance principle of ethical and responsible investment that avoids investments in businesses considered harmful or non-compliant with Sharia?
A) Riba
B) Gharar
C) Halal investing
D) Mudarabah

Answer
C) Halal investing

Which type of Islamic financial instrument represents ownership in a tangible asset, similar to a bond in conventional finance?
A) Musharakah
B) Sukuk
C) Ijarah
D) Murabaha

Answer
B) Sukuk

What is the term for the Islamic practice of collective risk-sharing, similar to mutual insurance?
A) Mudarabah
B) Waqf
C) Takaful
D) Zakat

Answer
C) Takaful

Which Islamic finance principle involves selling an asset to a customer at a profit and allowing deferred payments?
A) Murabaha
B) Ijarah
C) Qard Hasan
D) Musharakah

Answer
A) Murabaha

What is the practice of giving a benevolent, interest-free loan in Islamic finance?
A) Takaful
B) Qard Hasan
C) Zakat
D) Gharar

Answer
B) Qard Hasan

In Islamic finance, what is the term for excessive uncertainty or ambiguity in a contract that can lead to exploitation?
A) Riba
B) Gharar
C) Mudarabah
D) Wakalah

Answer
B) Gharar

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