PRC-3 · Chapter 4 · Question 37 of 65
A fundamental difference between conventional banking and Islamic banking is that Islamic banking strictly prohibits the payment or receipt of:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Riba (interest)
Explanation
Islamic banking operates on the principle of risk-sharing and asset-backed transactions, strictly forbidding Riba (interest or usury).
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