# 1Multiple Choice
Mudarabah is a business between
Musyarik and Rabbul mal
Company and Customer
Mudarib and Rabbul mal
Mudarib and Company
Mudharabah Financing Game xx
Host
Freestyle
College
Others
Mudharabah Financing Game xx
26
College
Others
Mudharabah Financing Game xx
26
15 questions
Allow incorrect answer
Show answer when incorrect
public quiz
# 2Short Answer
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
# 3Multiple Choice
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.
# 4Multiple Choice
The accounting for mudarabah is based on
IFRS 12
AAOIFI FAS 3
MPERS
AAOIFI FAS 5
# 5Multiple Choice
The profit between Mudarib and Rabbul Mal is based on
Equal splits
Performance-based
Profit-sharing ratio (PSR)
Hybrid model
# 6Multiple Choice
If the business incurred losses due to the negligence of Mudarib, who will bear the losses?
Musharik
Shareholders
Rabbul Mal
Mudarib
# 7Multiple Choice
Choose the correct answer for principles of Mudarabah
Capital and Cash
Bank and Ownership
Offer & Acceptance, Cash
Entrepreneur and Bank
# 8Multiple Choice
Why is the Islamic Banks in Malaysia did not offer the Mudarabah financing?
Non-shariah compliant
Riba-based contract
High risk to the bank
Unprofitable
# 9True/False
Payment by installments is generally allowed in a Mudarabah contract.
# 10Short Answer
A bank (Rabb-ul-mal) provides RM100,000 to an entrepreneur (Mudarib). They agree on a profit-sharing ratio: Bank 60%, Mudarib 40%. If the project earns RM30,000 profit, the bank’s profit share is:
RM18000
RM18,000
18000
18,000
# 11Multiple Choice
Calculate the Mudarib's profit share:
Capital: RM50,000
Profit earned: RM15,000
Profit-sharing ratio: Bank 70% : Mudarib 30%
RM4,500
RM15,000
RM7,500
RM3,000
# 12True/False
The profit-sharing ratio in Mudarabah Financing is based on a fixed amount
# 13Multiple Choice
Example of moral hazard risk in Mudarabah
Profit-sharing agreed upfront
Mudarib hides actual profit
Investor monitors project
Business suffers normal loss
# 14Multiple Choice
Under MFRS/IFRS, profit from a Mudarabah Financing venture may be recognized using
Fair value changes
Purification principle
Shariah Supervisory Board confirmation
Loss absorption rule
# 15True/False
The profit-sharing ratio is allowed to be changed after the contract starts.
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