Islamiat MCQ #1543

The Islamic financial instrument representing ownership in a portfolio of assets, similar to a stock, is called:

Islamiat MCQ #1543

  1. Question 1

    Q1. The Islamic financial instrument representing ownership in a portfolio of assets, similar to a stock, is called:

    • A) Takaful
    • B) Riba
    • C) Sukuk
    • D) Mudarabah

    Answer: Sukuk

    Explanation: Sukuk are Sharia-compliant financial certificates representing proportional ownership in tangible assets or projects, serving as the Islamic equivalent of conventional bonds but structured to avoid riba (interest).