Solved

A Major Distinction Between a Conventional Bank and an Islamic

Question 7

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 deposit.
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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions