Student Worksheet — Session 5: Banking Basics

Money, Values & You · 6th Grade Financial Literacy
Part 1 — Vocabulary (write the definition in your own words)
Bank
Deposit
Withdrawal
Interest
Riba (ربا)
Islamic Banking
Part 2 — Key Concepts (fill in the blanks)
When you put money INTO a bank account, that is called a             . When you take money OUT, that is called a             .
Banks make money by charging              when they lend money to borrowers.
In Islam,              (ربا) — guaranteed interest on loans regardless of outcome — is forbidden.
Islamic banks use              (profit-sharing) and              (asset-backed transactions) instead of interest.
Part 3 — Bank Comparison Chart

Fill in each cell with (Yes), (No), or a short explanation.

Feature Piggy Bank Regular Bank Islamic Bank
Keeps money safe from theft
Earns you interest or profit
Charges Riba on loans
FDIC / Government insured
Available 24/7 (ATM/app)

Which option would you choose and why?

Part 4 — Think About It

Scenario: A friend offers to lend you $20 but wants $25 back in a month. Is that Riba? Is it fair?

How is an Islamic bank's murabaha different from a regular bank loan?

Part 5 — Journal Prompt

"Would you rather keep your savings in a piggy bank, a regular bank, or an Islamic bank? What matters most to you?"

Take-Home Challenge

Ask someone at home: "Does our family use a bank or credit union? Do they know if it offers Islamic banking options?"

Write what you find out:

Money, Values & You · Session 5 Student Worksheet · sdabagh.github.io/learn/financial-literacy