Islamic consumer financing

 

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Islamic consumer financing

Question 1
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
Data interpretation (DI) Questions answers
Question 2
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
Reading comprehension Questions answers
Question 3
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
Civics Test Questions answers
Question 4
The 2 contracts used in Musyarakah Mutanaqisah are:
A
Sales and purchase contract
B
Leasing contract
C
Profit sharing contract
D
correctchoice Partnership contract
Puzzles Questions answers
Question 5
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
Education Questions answers
There are 5 questions to complete.

 

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