The following statements are true about Islamic banking EXCEPT,     A ) It does not aim to maximize profit.     B ) It practices sharing the profit, loss and risk between the capital provider and the        entrepreneur.     C ) Shariah's ruling is the guideline in the Islamic banking functions and operations.     D ) Interest rate is avoided in Islamic banking's operation.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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The following statements are true about Islamic banking EXCEPT,


 

 

A ) It does not aim to maximize profit.


 

 

B ) It practices sharing the profit, loss and risk between the capital provider and the     

  entrepreneur.


 

 

C ) Shariah's ruling is the guideline in the Islamic banking functions and operations.


 

 

D ) Interest rate is avoided in Islamic banking's operation.

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