This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is Islamic Banking? What will be an ideal response?[br][br][b][color=#347235]Question ... (Read 165 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
What is Islamic Banking?
 
  What will be an ideal response?

Question 2

There is no limit for domestic central bank intervention.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nicoleclaire22

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

Islamic law prohibits the charging of interest on loans. In Muslim countries, banks are not allowed to make traditional loans, but rather play their intermediary role by taking a predetermined percentage of the borrowing firm's profits until the loan is repaid. Therefore, in a sense, banks under Islamic Banking act as venture capitalists rather than traditional lenders.

Answer to Question 2

FALSE
Explanation: They can run out of reserves.


asd123

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Growth response by grasses grazed by wildebeest Growth response by grasses grazed by wildebeest
Dose-response curve with threshold Dose-response curve with threshold
Delta method question Delta method question
Statistics Question: A swim team Statistics Question: A swim team
economic question economic question
economic question economic question
Video: Mendel's Pea Experiment

For a complete list of videos, visit our video library