Question: What is Bai Al Dain, Explain it with example? Is it Valid? Provide rationale for its validity or prohibition? Osama offers 10kg sugar to Saad.

What is Bai Al Dain, Explain it with example? Is it Valid? Provide rationale for its validity or prohibition? Osama offers 10kg sugar to Saad. Both agreed on a price. Saad knows that he is hoarding the stock, still agrees to buy at agreed price. Is it Bai Sahih? If not, why?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Answer Bai Al Dain also known as a credit sale or a deferred payment sale is a type of sale contract in Islamic finance where the payment for goods is ... View full answer

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 Finance Questions!

If we draw 100 numbers from N(50, 20), using the empirical rule, we expect how many of these numbers to be between 30 and 70?

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Paul Zamora considers himself to be a talented entrepreneur. In late 2006, he purchased a chain of neighborhood groceries from Mr. Brandon Velasco. The stores had good locations, with reasonably...

Q.No. 7.What is the difference between Tawkeel fil Aqd and Wakalah Isthithmar? Explain with example (1.5) Q. No. 5.What is Bai Al Dain, Explain it with example? Is it Valid? Provide rationale for its...

Q.NO.3 Ethical Finance brings Value to Society, do you think Islamic finance also brings value to society? What are the Islamic social financing channels? 4) Q. No. 5.What is Bai Al Dain, Explain it...

On January 4, 2011, the Federal Circuit Court of Appeals issued an important decision on the determination of reasonable royalties in patent infringement damages. InUniloc USA, Inc. v. Microsoft...

Issues Question 5. Motorway M-3 was built by Government of Pakistan on the financing of Sukuk issuance. Explain the Motorway M-3 Sukuks under following points. a) b) Bai Al Inah Gharar Riba Draw its...

Chapter 9 Compensation and Incentives Diane Bigda/Photodisc/Getty Images Learning Objectives After reading this chapter, you should be able to do the following: Discuss various psychological...

I need help with my ITMA class, we were told to summarise the article below in no more than 500 words. If someone can write it out for me, while starting it with an intro then the summary and a...

Business Horizons (2013) 56, 241249 Available online at www.sciencedirect.com www.elsevier.com/locate/bushor HUMAN PERFORMANCE What monetary rewards can and cannot do: How to show employees the money...

Milstrap Corporation manufactures product X and the following information applies: Production (Units): January (75000), February (100,000), March (120,000) Each Unit has a cost of $9.00 December 31,...

Balance Sheet c. Describe how cash differs from cash equivalents. d. What are Walmarts two largest assets on the balance sheet (in dollar amounts)? How do these assets reflect Walmarts strategy? e....

Employees can increase non - substitutability by: Question 5 7 options: Increasing access to a particular resource or a product Showing similarities with alternative decisions Increasing their social...

Belinda Lorenz has prepared the following list of statements about depreciation. 1. Depreciation is a process of asset valuation, not cost allocation. 2. Depreciation provides for the proper matching...

On January 1, 2010, Tuscany Corporation purchased 1,000 shares of treasury stock. Other information regarding Tuscany Corporation is provided below. Compute (a) Return on common stockholders equity...

The earth does not have a uniform density; it is most dense at its center and least dense at its surface. An approximation of its density is p(r) = A - Br, where A = 12,700kg/rri' and B = 1.50 X 10...

Take the general case of an object of mass mA and velocity vA elastically striking a stationary (vB =0) object of mass mB head-on. (a) Show that final velocities vA and vB are given by (b) What...

Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of 600,000 on sales of...

4: You work an internship over the summer and make $10,000 to save for a car, which you decide to put in a bank account, so that you can purchase the car in 5 years. d) Comparing the simple interest...

Jack Oberman is a pharmacist at a local drug store and has never engaged in any form of illegal activity. Local police officers received reports that the drug store was filling illegal prescriptions...

Johnson was convicted in the County Criminal Court No. 8, Dallas County for desecration of a venerated object and he appealed. The Dallas Court of Appeals affirmed the conviction. The Texas Court of...

Ricardo Infante was charged with interstate stalking. After the preliminary hearing, Infante requested dismissal of the complaint. The District Court of Arizona dismissed the complaint for lack of...

What is the social audit? Who should prepare a social audit for the firm?

What is the National Alliance of Business?

What are the major forces in consumerism today?