Question: Question 1 True (permissible transaction from Shariah perspective or False (Impermissible) (justify your answer in no more than one sentence) 1) The contractual base between

Question 1 True (permissible transaction from
Question 1 True (permissible transaction from Shariah perspective or False (Impermissible) (justify your answer in no more than one sentence) 1) The contractual base between the bank and the customer in the purchasing transactions using credit cards in Islamic banking is Murabaha. ( 2) Profits of credit cards in Islamic banking are included in Commissions. ( 3) The premiums paid in Takafull insurance are donations, accordingly, no profit allocation deserved. ( 4) Debt cards have lower credit risk than the credit cards. 5) Murabaha Sukkuk have less investment risk for investors than Mudharabah Sukkuk.(

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!