There Are Different Forms of Transactions in Islamic Finance, Which

question 13

Multiple Choice

There are different forms of transactions in Islamic finance, which of the following is one of them?

• A) Bai bithaman ajil (BBA)
• B) Murabaha(h)
• C) Ijara(h)
• D) All of the above.

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Definitions:

Trial Balance

A bookkeeping report that lists the balances of all ledgers' accounts in two columns, debit and credit, to ensure that entries in a company’s bookkeeping system are mathematically correct.

Ledger

A comprehensive collection of all the accounts of a company, showing transactions and resulting balances.

Journal

A book or digital record used in accounting to record each financial transaction as it occurs in chronological order.

Ledger

A book or computer file for recording and totaling economic transactions measured in terms of a monetary unit of account by account type.