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 166 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
Gracias!

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Temperature and Color Temperature and Color
Cultural Variations in the Strange Situation Across cultures, most toddlers exhibit secure attachme Cultural Variations in the Strange Situation Across cultures, most toddlers exhibit secure attachme
How to calculate mortgage payments (Question 1 of 2) How to calculate mortgage payments (Question 1 of 2)
How to create a table of values displaying commission and earnings (Question 1) How to create a table of values displaying commission and earnings (Question 1)
economic question economic question
economic question (having trouble) economic question (having trouble)
Video: Stroke volume - contractility definition

For a complete list of videos, visit our video library