Asad sold Laptop on credit to saad and bought back from him for immediate cash settlement.pdf - Mid Term Examination Fall-2018 Name of Student Reg No

Asad sold Laptop on credit to saad and bought back from him for immediate cash settlement.pdf

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Encircle the best possible answer. (05) 1.Asad sold Laptop on credit to saad and bought back from him for immediate cash settlement. Such transaction is known as __________ a.Commodity Murabaha b.Tawarruq c.Bai i’nad.Both a and b 2.___________ (option of inspection) is a type of Khiyarat in which the buyer has the option to return the goods after inspection. a.Khiyar-e-wasf b.Khiyar-e-ru’yatc.Khiyar-e-shart d.Khiyar-e-aib 3.In Musharakah, the share of each partner in the profit earned should be identified at the time of contract. If not determined beforehand the contract becomes a.Fasid b.Batil c.Sahi d.Makrooh Mid Term Examination Fall-2018 Name of Student Reg. No. Course: Essentials of Islamic Finance Program: BBA Facilitator: Sir Rahmat Ullah Time: 2. 5 Hours Students: 60 & 64 Max. Marks: 40 Date: Dec 31, 2018 EDP Code
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4.Istisn’a is an order to a manufacturer to produce a specific commodity for the purchaser. In it delivery of the product is deferred whereas payment can be made a.On the spot b.In installments c.Deferred in lump sum d.All of the above
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  • Murabaha contract

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