A Major Distinction Between a Conventional Bank and an Islamic

question 68

Multiple Choice

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

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

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Definitions:

Car Insurance

A type of insurance policy that provides financial protection against physical damage or bodily injury resulting from vehicle collisions and against liability that could also arise.

Brake Efficiency

A measure of how effectively a vehicle's braking system converts the driver's input into stopping power.

Insurance Policy

A contract between an individual or entity and an insurance company, detailing the terms for the payment of claims by the insurer to the insured.

Skid Mark

A mark that a tire leaves on the road when it is in a locked mode, that is, when the tire is not turning, but the car is continuing to move.