Islamic consumer financing

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Islamic consumer financing

Congratulations - you have completed Islamic consumer financing. You scored %%SCORE%% out of %%TOTAL%%. Your performance has been rated as %%RATING%%
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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
BBA refers to:
A
sales with on the spot payment
B
sales with deferred payment
C
sales with markup price
D
leasing ending with purchase

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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
In BBA, the agreement that reflects the act of the bank selling the property to the customer is:
A
Property Purchase Agreement
B
Property Sales Agreement
C
Deed of Assignment
D
Charge Document

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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
In BBA, "n" refers to:
A
total number of installments
B
total number of selling installments
C
total number of grace period installments
D
total number of periodic payments

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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The 2 contracts used in Musyarakah Mutanaqisah are:
A
Sales and purchase contract
B
Leasing contract
C
Profit sharing contract
D
correctchoice Partnership contract

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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
At the end of the Musyarakah Mutanaqisah financing:
A
Bank will have 100% ownership of the asset
B
Customer and bank will have share ownership in the asset
C
Customer will have partial ownership of the asset
D
Bank will have 0% ownership in the asset

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There are 5 questions to complete.

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