1) 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.

2) 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.

3) Which of the following is mentioned in the Quran with regards to riba?

1. Accumulating wealth by consuming interest is prohibited.
2. Allah has declared war on riba dealers.
3. Interest is consuming people's wealth unjustly.
4. All of the above.

4) 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.

5) 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.

6) In order to evade the fact that interest is indeed unlawful, what excuse does the Quran mention as being given by the one’s partaking in it?

1. They claim that trade is just like interest.
2. They claim that the teachings of the Quran are no longer applicable to the current times.
3. They claim that it is permissible since it is allows the community to progress as a whole.
4. They claim that interest is a form of charity.

7) A friend of yours was at the mall and wanted to urgently buy a laptop. Not having enough money on hand she decided to buy with her credit card. How should she make the payment?

1. It is forbidden to use plastic cards in all circumstances.
2. She should pay back over a few months and not feel guilty about paying interest since it was not her fault that the laptop cost more than what she was carrying with her.
3. She should pay the complete balance she owes on her credit card as soon as she gets the monthly statement to avoid paying interest on it.
4. None of the above.