Al-Mustasni in an Istisnaa contract is a. Seller b. Buyer c. Manufacturer d. Bank

Question:

Al-Mustasni’ in an Istisna’a contract is

a. Seller

b. Buyer

c. Manufacturer

d. Bank

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

ISBN: 9781032464022

1st Edition

Authors: Abdul Rauf Mahar, Ayesha Bhatti, Muhammad Junaid Ashraf, Asfand Zubair Malik

See More Books

Question Posted: Mar 11, 2024 03:33 AM

See More Questions

On 1st January 2017, Meezan Islamic Bank entered into an Istisna contract with Syeikh Enterprise (SE). The bank is to supply (build) SE a power generator for RM110 million to be completed in three...
Q1. Discuss the difference between a conventional lease and Ijara in terms of a. Purchase of lease asset [2.5 marks] b. Signing of lease contract [2.5 marks] Q2. A small Start up construction company...
Fatima owns land and plans to build a small factory to produce imitation jewellery. She needs financing for the construction of this factory and has signed an Istisna contract with Turki Islamic Bank...
What does this code print (unless it produces an error)? print(int("trick1".upper()[-1])==1)
What are the two types of life insurance companies?
Professional Research Wie Company has been operating for just 2 years, producing specialty golf equipment for women golfers. To date, the company has been able to finance its successful operations...
Consider the following cash flow profile, and assume MARR is 10 percent/year and the finance rate is 4 percent/year. a. Determine the MIRR for this project. b. Is this project economically...
Tailgator Company produces four versions of its model J7-21 bicycle seat. The four versions have different shapes, but their processing operations and production costs are identical. During July, the...
Write the following expression in expanded form. (x+5)4 In (x-1)x+2
In an Istisnaa contract, the manufacturer promises to deliver the specifically manufactured asset at an/a: a. Unspecified date but pre-set price b. Specific date and fair value price at the time of...
Istisnaa is a sales contract between a. Al-Mustasni and Al-Sani b. Al-Mustasni and Al-Masnoo c. Al-Mustasni and client d. Al-Sani and the manufacturer
As player salaries have increased, the cost of attending baseball games has increased dramatically. The file BBCost contains the cost of four tickets, two beers, four soft drinks, four hot dogs, two...
Kathy's Craft Supplies uses a subsidiary ledger for accounts receivable. Where would she look if she wanted to know the sum of the individual account balances?
An accounting firm is looking for a way to visually share information about goals and deadlines throughout the organization. What is an example of an internal communication technology that the firm...
At the end of the current year, the accountant correctly made the adjusting entry to record depreciation on equipment. How will the accounting equation be affected?
On January 1, 2017, our company accepts a 5-month 5% note for $12,000. What account(s) and amount(s) would we credit when we collect the note in five months?
What are the World Bank and the International Monetary Fund (IMF) required to do to decertified countries?
Suppose there were a kind of neutrino let that was mass less, had no color charge or electrical charge, and id not feel the weak force. Could you say that this particle even exists?
1. What is the semi-annually compounded interest rate if $200 accumulates to $318.77 in eight years? Answer in percentage with two decimal places. 2. What is the quarterly compounded interest rate if...
The ordering of the three sections of the statement of cash flows is backwards for start-up firms, but it is more appropriate for businesses once they are up and running. Explain.
Gap Inc. operates chains of retail clothing stores under the names of Gap, Banana Republic, and Old Navy. Exhibit 3.19 presents the statement of cash flows for Gap for Year 0 to Year 4. REQUIRED...
Sirius XM Radio Inc. is a satellite radio company, formed from the merger of Sirius and XM in 2008. Exhibit 3.20 presents a statement of cash flows for Sirius XM Radio for 2006, 2007, and 2008....
What are the main cultural similarities and differences between Australia and Colombia. Explain
In what ways do you think the actions of the accused priests impacted the community in which they served and the Church as a whole?
What is the balance we should seek between privacy and security in terms to stop terrorism online

Al-Mustasni in an Istisnaa contract is a. Seller b. Buyer c. Manufacturer d. Bank

Question:

Step by Step Answer:

Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

Students also viewed these Business questions