The Following Statements Are True Regarding the Social Role of Islamic

question 69

Multiple Choice

The following statements are true regarding the social role of Islamic banks EXCEPT:

• A) all classes of people in the society are accommodated within the general sphere of Islamic financing
• B) the social dimension of the objectives of Islamic banks is the promotion and support of Small and Medium Enterprises SMEs. to further bridge the gap between the rich and the poor in the society
• C) Islamic banks demonstrate their social role through the extension of their credit facilities to big businesses with the aim of having more equitable distribution of wealth amongst all members of society
• D) any Islamic microfinance scheme must have the potentiality of providing the poor with reasonable credit facilities to finance their microenterprises

---

Definitions:

Life Tenant

An individual who has the right to use or occupy property during their lifetime, but cannot sell or transfer the property.

Fee Simple

The most extensive interest in real estate available, granting the owner full possession and control, subject only to governmental restrictions.

Easement

A non-possessory right to use or enter onto another's property for a specified purpose, without owning it.

Co-Ownership

Co-Ownership is the joint ownership of property or assets by two or more parties, where each party holds an interest or stake in the shared ownership.