Fees, Commissions and Fixed Charges Are Not Permitted for Islamic

question 62

True/False

Fees, commissions and fixed charges are not permitted for Islamic banking or finance services performed by either a corporate body or an individual.

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Definitions:

Marginal Product

The additional output resulting from a one-unit increase in the input of a particular productive resource, holding all other inputs constant.

Average-Total-Cost

The cost per unit of output, calculated by dividing the total cost (fixed and variable costs) by the total quantity produced.

Marginal-Cost

The expense associated with producing one additional unit of a good or service, critical for decision-making in business and economic policy.

Economies of Scale

The cost advantage achieved by an increase in production, leading to a reduction in expenses per unit due to more efficient use of resources.