What elements make an Islamic contract defective or invalid besides the prohibited elements in question 8? Question

Question:

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 contract of sale?

a. The subject matter must exist at the time of contracting except for salam and istisna contracts.

b. It must be owned by the seller.

c. The subject matter must be halal, i.e. permitted by the Sharia.

d. The subject matter must be of high value.

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