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  • Could you explain why Islamic finance is often qualified as asset-backed finance?


  • Why would the interest-free banking be adequate to describe contemporary Islamic banking?



  • Could you indicate two specific features that make the two-tier Mudaraba different from the Mudaraba defined by classical jurists?




  • Why would Mudaraba be considered a transaction based on the principle of profit and loss sharing?




  • Does Mudaraba in contemporary Islamic banking play the same role as envisioned by the early theorists of Islamic economics? Explain.




  • How would you briefly explain what Murabaha is? 





  • How is Murabaha officially called in contemporary Islamic banking? Could you explain why it is called that way?

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