kim wood
1. Could you explain why Islamic finance is often qualified as asset-backed finance?
2. Why would the interest-free banking be adequate to describe contemporary Islamic banking?
3. Could you indicate two specific features that make the two-tier Mudaraba different from the Mudaraba defined by classical jurists?
4. Why would Mudaraba be considered a transaction based on the principle of profit and loss sharing?
5. Does Mudaraba in contemporary Islamic banking play the same role as envisioned by the early theorists of Islamic economics? Explain.
6. How would you briefly explain what Murabaha is?
7. How is Murabaha officially called in contemporary Islamic banking? Could you explain why it is called that way?