# 1
Multiple Choice
Mudarabah is a business between
Mudarabah is a business between
Musyarik and Rabbul mal
Company and Customer
Mudarib and Rabbul malMudarib and Company


Mudarabah is a business between
Musyarik and Rabbul mal
Company and Customer
Mudarib and Rabbul mal
Mudarib and Company

Under AAOIFI FAS 3, Mudarabah financing provided by an Islamic bank to an entrepreneur is recorded as an ............. on the bank's balance sheet.
Asset
assets

Define Mudharabah in one sentence
A partnership contract where both parties will manage the capital accordingly.
A sales-based contract where both parties earn profit in mutual share.
A loan contract between bank and customer.
A partnership where the rabb al-mal provides capital and the mudarib manages the business, and profits are shared based on a pre-agreed ratio.

The accounting for mudarabah is based on
IFRS 12
AAOIFI FAS 3
MPERS
AAOIFI FAS 5
