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mezya [45]
2 years ago
10

A major distinction between a conventional bank and an Islamic bank is that Islamic banks __ are allowed to charge higher intere

st on loans. cannot accept private deposits. cannot pay or charge interest. are not subject to any form of law,
Business
1 answer:
Vikki [24]2 years ago
5 0

Answer:

cannot pay or charge interest.

Explanation:

Islamic banks are banks that are based on Islamic laws or Sharia laws which is found in the Qur'an.

In Islamic banking, all banking transactions must be compliant with the Sharia laws.

Islamic banks differ from conventional banks in that :

1. they prohibit usury : Usury is charging interest on loans

2. they prohibit all forms of speculation : Islamic laws prohibit all forms of gambling

3. Investments in items that are not allowed in the Qur'an e.g. alcohol

Islamic bank use equity participation to make money. When an  Islamic bank lends money to a business, instead of charging interest on the loan, the receive equity in that business and are entitled to a part of the company's shares

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During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follo
Daniel [21]

Answer:

The total revenue Solitare would report over the two months is $99 with a gross loss of $11.74

Explanation:

Particulars                                                  Amount ($)

Sales (January & February)

- Wizard Inc                                                     $50

- Spyder Corp                                                 $50

Less: Discount allowed to Wizard Inc           <u>$1       </u>    ($50 * 2%)

Net Sales                                                         $99

Less: Cost of goods sold (60.6+50.14)          <u>$110.74</u>

Gross Loss                                                       <u>$11.74</u>

8 0
2 years ago
José spends most of his time thinking about Sheila, the love of his life. This had led to José neglecting his course work. From
Rainbow [258]

Answer:

D. his fixed amount of psychic energy

Explanation:

6 0
3 years ago
At which inventory level is operations management considered to be doing an excellent job?
Natalka [10]

operations management is considered to be doing a great job when you are able to lead your crew and make sure all of the inventory is in order.
8 0
3 years ago
Which investment has the least amount of risk?
wariber [46]

Standard deviation = $300, expected return = $5,000 has the least amout of risk.

If preserving capital is important to you, there are many options to consider when it comes to bonds and bond mutual funds. Low risk means low return, but many people, such as retirees and those who need access to savings for specific short-term needs, want some return to sleep at night. I think it's okay to withhold.

With that in mind, here are the eight leading options in Rector, the low-risk segment of the fixed income market. They don't offer exceptional yields, but that's not the point.

Learn more about risk here:

brainly.com/question/25567167

#SPJ4

3 0
1 year ago
What happens if money needs to be transferred from one agency to another and the legislature is not in session to authorize this
kvv77 [185]

Answer:

The legislature budget board and the governor are authorize to transfer money from one agency to other.

Explanation:

Given:

Money needs to be transferred from 1 agency to other when legislature is not in session:

Solution:

When Legislature is not in session, the legislature budget board and the governor are authorize to transfer the money from one agency to other during emergencies.

3 0
3 years ago
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