Question: In Islam, any commodity which is non-existent or non-deliverable is allowed to be transacted. Islam discourages the spirit of love and brotherhood between employer and

In Islam, any commodity which is non-existent or non-deliverable is allowed to be transacted.

Islam discourages the spirit of love and brotherhood between employer and employee.

Sighah is the offering and accepting contract done through several ways

Islamic investments are a unique form of socially responsible investments because Islam makes no division between the spiritual and secular

The term that is normally used when referring to investment is Murabahah.

There must a guarantee of profits based on the capital invested because it involves riba.

Gharar refers to an unknown factor that would impair the validity of a contract

Since it is free from risk and value-addition, Islam does recognize wealth creation through riba as a legitimate way of making a living.

From the language perspective, the word riba means excess, increase, expansion and growth

Interest and usury both are taken as synonymous for the Arabic word riba

In the Shariah, riba technically refers to the premium that must be paid by the borrower to the lender along with the principal amount as a condition of the loan or for an extension in its maturity.

What is generally understood in our times as the giving of a principal amount on loan for a given period against the payment of riba in percentage terms on a monthly or annual basis is Riba al-Nasiah.

According to the Prophet Muhammad SAW, 9/10 sources of income for a human comes from doing or dealing in business.

Islam recognizes trade and commerce not only as a lawful profession but also as a moral duty.

Please write A for the true statement and B for the false stamement in your ANSWERING SHEET.

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