ABMF3213: There are 3 main prohibitions in Islamic banking principles, namely, the prohibition of riba, the prohibition of gharar: Islamic Banking Assignment, KYPJ, Malaysia

University KOLEJ YAYASAN PELAJARAN JOHOR (KYPJ)
Subject ABMF3213: Islamic Banking
  • There are 3 main prohibitions in Islamic banking principles, namely, the prohibition of riba, the prohibition of gharar, and the prohibition of maisir. Explain the three prohibited elements in detail and give examples for each of the prohibitions.
  • Discuss how the three prohibited elements are practiced by conventional banks.
  • There are 5 objectives of Shariah. Discuss all the five objectives in detail and give examples for each objective.

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