MCQOPTIONS
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| 1. |
The Islamic financial system is founded on |
| A. | cancellation, revocation of debt |
| B. | absolute prohibition of the payment or receipt of any predetermined, guaranteed rate of return |
| C. | imposition of an obligatory tax on earnings |
| D. | land and property tax levied by the state |
| Answer» C. imposition of an obligatory tax on earnings | |