question_answer

Consider the following statement(s) regarding Islamic Banking.

I. It is based on the principles of Islamic law also known shariah.

II. The Dubai Islamic Bank is the world's first full-fledged Islamic bank.

III. Collecting interest is not permitted under Islamic law.

Codes

A)  I and II                        

B)  II and III

C)  I and III                       

D)  I, II and III

E)  Only III