In Islamic Banking the customers are considered as -----and thus entitled to profit sharing.

A partners
B employees
C creditors
D outsiders

Correct Answer: partners

Profit and Loss Sharing (also called PLS or "participatory" banking is a method of finance used by Islamic financial or Shariah - compliant institutions to comply with the religious prohibition on interest on loans that most Muslims subscribe to. Many sources state there are two varieties of profit and loss sharing used by Islamic banks – Mudarabah ("trustee finance" or passive partnership contract) and Musharakah (equity participation contract).
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Related Questions

Defining green banking is relatively easy. It means promoting environment -friendly practices and reducing your carbon footprint from your banking activities. This comes in many forms : using online banking instead of branch banking; paying bills online, opening up CDs (certificates of deposit) and money market accounts at online banks instead of large multi-branch banks. A green bank takes the biggest steps to support local green initiatives. Any combination of the above personal banking practices can help the environment. In this respect, online banks and smaller community banks have better track records than larger banks .However, these larger banks may be induced to go green . According to the passage, larger, multi -branch banks .
A can never become green banks .
B can become green banks if they reduce the number of branches and eliminate the use of paper .
C can become green banks if they can greatly reduce or eliminate carbon footprint form their banking activities.
D can become green banks if they support local green initiatives
দুইজন অংশীদারের মুনাফা বন্টন অনুপাত ২:১। তৃতীয়জনকে ১/৫ অংশ মুনাফা বণ্টনের চুক্তিতে তারা ব্যবসায়ের নতুন অংশীদার হিসেবে গ্রহণ করলে মুনাফা বণ্টনের নতুন অনুপাত কত? (The profit sharing ratio of two partners is 2:1. What is the new profit sharing ration of partnership business if they accept another partner with an agreed profit sharing ration of 1/5 of total business profit?)
A ২:১:৫ (2:1:5 )
B ২:১:১ (2:1:1)
C ৮:৪:৩ (8:4:3)
D ৪:২:৫ (4:2:5)
Which of the following account (s) can the customers open with Dhaka Bank's Islamic Banking Branches?
A Mudaraba Term Deposit Account
B Mudaraba Special Notice Account
C Mudaraba Hajj Savings Account
D All of these
OIC changed its name from Organization of the Islamic Conference to Organization of Islamic Cooperation in -
A 1991
B 2011
C 2001
D 1999
The owner of Aarong starts to calculate the percentage of customers who purchase Tagas. if 40% of the total customers who visit the store actually purchase goods and 15% of them purchase tagas, then what percentage of Aarong's customers are Taga buyers?
A 4%
B 6%
C 8%
D 12%
Dhaka Bank Ltd. started to provide Islamic banking services in the year ----
A 2006
B 2003
C 2009
D 1999
When did the Islamic Banking system emerge in Bangladesh ?
A 1987
B 1983
C 1985
D 1984
What is name of Islamic Banking Wing of HSBC in Bangladesh?
A Saadiq
B Al Arafah
C Amanah
D Mudaraha
Which of the following is the principal guideline to be followed in Islamic Banking?
A Banking Act 1990
B Murabahah law
C Riba law
D Shariah law
In Islamic Banking, what does 'IBS' stand for?
A International board of Savings
B Islamic Banking Scheme
C International board of Scheme
D Islamic Board of Savings

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