A Major Distinction Between a Conventional Bank and an Islamic

question 23

Multiple Choice

A major distinction between a conventional bank and an Islamic bank is that:

• A) Islamic banks are allowed to charge higher interest rates on loans.
• B) Islamic banks cannot accept private deposits.
• C) Islamic banks cannot pay or charge interest.
• D) Islamic banks are not subject to any form of law.
• E) Islamic banks are supposed to refrain from making a profit through any source.

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Definitions:

Graphic Rating Scale

A method used in questionnaires that involves a line or scale where respondents indicate their level of agreement or feeling about a particular item by marking a position along the scale.

Checklist

A list of items or tasks to be checked or completed, used as a reminder or for systematic verification.

Structured Interview

A systematic interviewing method where all candidates are asked the same predetermined questions in the same order to ensure comparability of data.

Transformational Leadership

A style of leadership where the leader works with their team to identify needed change, creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of the group.