Aaoifi Islamic Finance Practice Test & Exam Prep

Which of the following best describes Maqasid al-Shariah in the context of Islamic finance?

Maximising bank shareholder dividends regardless of social impact Eliminating all forms of commercial risk for customers The higher objectives of Shariah, including protection of faith, life, intellect, lineage, and wealth A list of prohibited industries published only by AAOIFI

Correct Answer:

The higher objectives of Shariah, including protection of faith, life, intellect, lineage, and wealth

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