7/18/2019 QUIZ # 1a Summer 09.doc

http://slidepdf.com/reader/full/quiz-1a-summer-09doc 1/2

ESSENTIALS OF ISLAMIC FINANCE (ASC 361)

Quiz # 1

Student Name: __________________________ Student ID: __________ 

Total Marks: 10 Total Ti!s: "0 Mis$

1. What are the sources of shariah?

2. What is meant by Riba An Nasiyah? Why is it prohibited in Isam?

!. Do you a"ree #ith the ar"ument that in shariah ony compound interest is

forbidden #hereas simpe interest is not? Discuss.

7/18/2019 QUIZ # 1a Summer 09.doc

http://slidepdf.com/reader/full/quiz-1a-summer-09doc 2/2

Define the foo#in" terms:

$o%habara:

$usa#amah:

&iyas:

'harar: