1) Select a true statement.

1. Currently, there are no alternatives to borrowing money except on interest for those living in the West.
2. Not all dealings of interest are forbidden.
3. The Prophet Muhammad made dealing in interest permissible when in need of a loan to build a house.
4. All of the above.
5. None of the above.

2) In accordance to the teachings of the Quran which of the following is true?

1. For those who give their wealth seeking interest and Allah's Countenance, Allah will increase it manifold.
2. For those who give their wealth in zakah seeking Allah's Countenance, Allah will increase it manifold.
3. For those who give their wealth seeking only interest and not Allah's Countenance, Allah will increase it only a little.
4. None of the above.

3) Consuming riba has been referred to by Prophet Muhammad as:

1. one of the seven destructive sins.
2. intelligent banking.
3. the act of converting into a Jew.
4. being the same as trade.

4) Salim wants to buy a car but does not have enough money to buy a new one. What option(s) does he have?

1. He can buy a new car by taking a loan from a bank on interest.
2. He can lease (rent) a new or near-new car. He can also buy a used car.
3. He can buy a new car by taking a loan from a friend rather than a bank even though the friend may charge him interest on it.
4. He may buy a new car with a credit card and pay the bank later with interest.

5) Which of the following scenarios is Islamically justified.

1. To work in a financial institution that requires one to deal with interest as long as the person does not himself take interest.
2. Taking a loan from a bank on interest to open an Islamic bookstore or build a masjid to benefit the Muslim community.
3. Buying a house on interest to provide one’s family with a secure home to live in.
4. Getting an interest based student loan to get college education.
5. None of the above.

6) With regards to partaking in interest, which of the following people have been cursed by the Messenger of Allah?

1. The one who consumes riba.
2. The one who pays riba.
3. The one who writes it down.
4. The two who witness it.
5. All of the above.

7) In the Quran which of the following has specifically been mentioned to have defied the commandment of Allah with regards to taking interest?

1. The idol worshippers.
2. The Jews.
3. The Hindus.
4. The Atheists.