1.Discuss valid, void and voidable contracts in Islamic commercial law. (6marks)

2. Describe three (3) elements for al-ahliyyah al-ada al-kamilah to establish a valid transaction. (9marks)

3. Discuss four (4) conditions of a valid contract pertaining to the subject matter

of Islamic sale of contract. (8 Marks)

4. Discuss two (2) rationales of hikmah behind the prohibition of riba in Islam. (6

marks)

5. Define these following terms. (10 marks)

i. Riba al-buyu

ii. Riba al-Fadhl

iii. Major gharar

iv. Minor gharar

6. Define the mal ghair al-ayn in relation to property. (3 marks)

7. Discuss five (5) categories of al-mal ayn (tangible property) in Islam and

support your answer with relevant examples. (10 marks)

8. Differentiate two categories of ownership and suggest two methods of the

acquisition of the complete ownership (8 marks)

Subject: fiqh muamalat