Which is the most common contract for personal financing being employed by Islamic banks? a. Murabaha b.

Question:

Which is the most common contract for personal financing being employed by Islamic banks?

a. Murabaha

b. Musharaka

c. Tawarruq

d. Mudharaba

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Islamic Accounting

ISBN: 9781119023296

1st Edition

Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim

See More Books

Question Posted: Jan 31, 2024 04:03 AM

See More Questions

In 1988, a United Nations report by the late Prof. Roger Hood from Oxford University stated, "'In many regions of the world there is little sign that [death penalty] abolition will occur soon." How...
The Islamic finance system provides unique advantages that are often absent in the traditional financial system. For example, under the Islamic system, profit-sharing directs investible money to...
Islamic banking system was established in Malaysia since 1983. To date, Islamic banking products are available at two full pledged Islamic banks and at all commercial and merchant banks in Malaysia....
The following data are for four independent process-costing departments. Inputs are added uniformly. Required: Compute the equivalent units of production for each of the preceding departments using...
Waves of Arbitrary Shape. (a) Explain why any wave described by a function of the form y(x, t) = fix - ut) moves in the +x-direction with speed u. (b) Show that y(x, t) = f(x - ut) satisfies the wave...
In what journal are requisitions for indirect materials recorded if the process cost system is used? LO.1
Outline the capacity management strategies that an airline must consider.
J. Ackbar, a former professional tennis star, operates Ackbars Tennis Shop at the Miller Lake Resort. At the beginning of the current season, the ledger of Ackbars Tennis Shop showed Cash $2,500;...
Wildhorse Innovations, Inc. produces exercise and fitness gear. Two of its newer products require a finishing process that can only be completed on machines that were recently purchased for this...
Identify the correct journal entries at the time of contracting the murabaha contract under the following scenario: An Islamic bank enters into a murabaha financing agreement for a plant at a cost of...
Identify the correct action of the islamic bank in the following case study: Mr. Bilal made a binding promise to an Islamic bank that he would buy a van from the latter through a murabaha...
19-11. Which sales promotion tool is most common for new products?
Arizona Corp. had the following account balances at 12/1/19: Receivables: $96,000; Inventory: $240,000; Land: $720,000; Building: $600,000; Liabilities: $480,000; Common stock: $120,000; Additional...
Construct a 90% confidence interval for the population standard deviation o at Bank A. Bank A 4.2 5.4 5.9 6.1 6.6 7.7 7.7 8.6 9.3 10.0
Margin of Error For the poll described in Exercise 1, describe what is meant by the statement that "the margin of error was given as +3.5 percentage points."
1) Explain what the critical issue was in the Uber decisions in the First Circuit (Culliane case), and the Second Circuit (Myer case), and how each court, looking at the same facts, came to opposite...
IFRS LEASE 1. Kappa Berhad enters into a 10-year lease on 1 January 2020. Kappa Berhad incurred the following costs in respect of the lease: RM2,500 legal fees RM15,000 deposit made at the...
Assume that female college students have heights that are normally distributed with a mean of 64.2 in. and a standard deviation of 2.6 in. Find the height for the given percentile. P66
The roof of a refrigerated truck compartment is of composite construction, consisting of a layer of foamed urethane insulation (t2 = 50 mm, ki = 0.026 W/m K sandwiched between aluminum alloy panels...
How far should the marketing concept go? How should we decide this issue?
Should marketing managers, or business managers in general, refrain from producing profitable products that some target customers want but that may not be in their long-run best interest? Should...
Should a marketing manager or a business refuse to produce an energy-gobbling appliance that some consumers are demanding? Should a firm install an expensive safety device that will increase costs...
Break-Even Sales and Sales to Realize Income from Operations For the current year ending October 31, Yentling Company expects fixed costs of $537,600, a unit variable cost of $50, and a unit selling...
You buy a stock for $35 per share. One year later you receive a dividend of $3.50 per share and sell the stock for $30 per share. What is your total rate of return on this investment? What is your...
Filippucci Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200,000) is different from the actual amount incurred ($225,000). Ending balances in the...

Which is the most common contract for personal financing being employed by Islamic banks? a. Murabaha b.

Question:

Step by Step Answer:

The most common contract for personal financing being employed ...View the full answer

Principles Of Islamic Accounting

Students also viewed these Business questions