Explain the prohibited elements in Islamic contracts.
Question:
Explain the prohibited elements in Islamic contracts.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
Riba interest given or taken G...View the full answer
Answered By
Dorcas Juliet
I am a proficient tutor and writer with over 4 years experience, I can deliver A+ works in all fields related to business and economics subject. Kindly hire me for excellent papers
4.70+
10+ Reviews
51+ Question Solved
Related Book For
Principles Of Islamic Accounting
ISBN: 9781119023296
1st Edition
Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim
Question Posted:
Students also viewed these Business questions
-
The Islamic finance system provides unique advantages that are often absent in the traditional financial system. For example, under the Islamic system, profit-sharing directs investible money to...
-
What elements make an Islamic contract defective or invalid besides the prohibited elements in question 8? Question 8 Which of the following is NOT a condition of the subject matter of the Islamic...
-
Islamic banking system was established in Malaysia since 1983. To date, Islamic banking products are available at two full pledged Islamic banks and at all commercial and merchant banks in Malaysia....
-
JOB SHEETS: Job cost sheets for each of the ten jobs appear on this sheet. Additionally, a combo box for each job (ten combo boxes total) appears for each job. Further, on this sheet, a check box...
-
A 1750-N irregular beam is hanging horizontally by its ends from the ceiling by two vertical wires (A and B), each 1.25 m long and weighing 2.50 N. The center of gravity of this beam is one third of...
-
Quispamsis Inc. (QI) recorded the following asset disposals during the year: a. A computer system with an original cost of $47,600, 80% depreciated, was judged obsolete during the period and...
-
What is the mirror-image rule?
-
Roth Company ended its fiscal year on July 31, 2014. The companys adjusted trial balance as of the end of its fiscal year is as shown below. Instructions (a) Prepare the closing entries using page...
-
Define and comprehend the concept of data base and its types. 7. Briefly discuss Database Management Systems. 8. Enumerate and briefly discuss the key concepts of Database Management Systems....
-
Differentiate between mudaraba, musharaka, and murabaha.
-
What are the pillars of Islamic contracts. State and explain briefly.
-
Explain the difference between a quantity discount and a sales (cash) discount.
-
Discuss types of due diligence.
-
What do you mean by due diligence? What factors are considered in carrying out the process of due diligence effectively?
-
To what does the term "due diligence" refer?
-
Nubia maximizes U(Y ) = ln(Y ) and is exposed to the lottery L = (900, 900; .5). An insurance policy to remove the risk of the lottery costs P = 400. What amount of wealth Y that Nubia holds implies...
-
Consider the following Activity-On-Edge Network: start a = 5 0 =6 3 a = 4 a=3 a = 6 D a = 1 a = 3 a10=4 1) What are early start times, e (), for each activity? a = 4 2) What are late start times, /...
-
Briefly describe bankruptcy law. If a firm were to default on the bonds would the company be liquidated immediately? Would the bondholders be assured of receiving all of their promised payments? Sam...
-
Assume Eq. 6-14 gives the drag force on a pilot plus ejection seat just after they are ejected from a plane traveling horizontally at 1300 km/h. Assume also that the mass of the seat is equal to the...
-
Taken from a managerial point of view, what do you think is the major OB challenge facing businesses today?
-
Compare and contrast the three levels of OB analysis.
-
Describe the two main levels of diversity. Give an example for each.
-
Assess different perspectives, theories, and models in operations and supply chain management.
-
Complete the table given below 14.24 Complete the available-to-promise table below Period 1 Forecast 50 CO 56 257 3 4 5 6 50 50 50 50 50 17 75 50 16 14 MPS 100 100 100 ATP ? ? ?
-
Consider the following tree representing a set in the union-find tree data structure: 22 x1 23 25 26 10 29 28 212 211 13 24 27 216 15 14 217 18 Run the FindSet operation on 13 with PATH COMPRESSION...
Study smarter with the SolutionInn App