Which of the following is NOT a condition of the subject matter of the Islamic contract of

Question:

Which of the following is NOT a condition of the subject matter of the Islamic contract of sale?

a. The subject matter must exist at the time of contracting except for salam and istisna contracts.

b. It must be owned by the seller.

c. The subject matter must be halal, i.e. permitted by the Sharia.

d. The subject matter must be of high value.

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

What elements make an Islamic contract defective or invalid besides the prohibited elements in question 8? Question 8 Which of the following is NOT a condition of the subject matter of the Islamic...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
Ques 1: What is the major complaint by firms concerning the Sarbanes-Oxley act of 2012? A. the legislative maximum allowable compensation for a CEO. B. the legal requirement to disclose project...
The condensed balance sheet and income statement data for Cardinal Corporation are presented below. Additional information: 1. The market price of Cardinal common stock was $5.00, $3.50, and $2.30...
Consider again the rope and traveling wave of Exercise 15.24. Assume that the ends of the rope are held fixed and that this traveling wave and the reflected wave are traveling in the opposite...
DE21-16 Use the time line you developed in Daily Exercise 21-15 to help you compute the Bottling Department's equivalent units, using the FIFO method.
16-5. You see the same ad in Time and Fortune magazines and on billboards and TV. Is this an example of reach or frequency?
Three peopleBaker, Adams, and Nelsonorganized Dog-Eared Book Shoppe, Inc. The charter of this corporation authorizes capital consisting of the following: a. 2,600 shares of preferred 9 percent stock,...
A bond carries a fixed, contractural interest rate resulting in a fixed interest payment to holders of the bond. What if the current market interest rate is different--can the bond even sell in the...
Which of the following makes mudaraba different from a musharaka contract? I. Capital contribution II. Loss sharing III. Profits shared in pre-agreed ratio IV. Management participation a. I, II, and...
Which one of the following contracts is imperfect (fasid) and NOT batil? a. A trustee of an orphans property sells it at a small discount to his relatives. b. Ahmad rents out his property to a...
Refer to the information in BE410. In BE410, Bourne Incorporated reports a cash balance at the end of the month of $2,620. A comparison of the companys cash records with the monthly bank statement...
The relationship between income and savings, let's look back to the recent credit crisis that sent our economy into the greatest financial crisis since the Great Depression. Watch this short video...
Jos Lpez has $15,000 in a 6-year certificate of deposit (CD) that pays a guaranteed annual rate of 4%. Create a timeline showing when the cash flows will occur. (6 points) 2. Oliver Lpez deposits...
PROBLEM SET #2 At a large urban college, about half of the students live off campus in various arrangements, and the other half live on campus. Is academic performance dependent on living...
Post a compelling argument stating whether leaders are born, made, or a combination of both. Drawing from the discussion of the two current peer-reviewed articles you identified, support your...
Unicorn Inc. builds commercial jets and calculate the cost for each jet. For each item below, indicate whether it would be most likely classified as direct labor (DL); direct materials (DM);...
Assume that the heights of female students are normally distributed with a mean given by = 64.2 in. and a standard deviation given by = 2.6 in. (based on data from a survey of college students)....
The outer loop controls the number of students. Note that the inner loop of this program is always executed exactly three times, once for each day of the long weekend. Modify the code so that the...
People often use shortcuts such as selective perception and stereotyping to judge other people more quickly. What are the good and bad aspects of this type of perceptual fast track?
How does perception affect the decision-making process?
Describe the steps of the rational decision-making process. Use buying a car as an example.
Construction of consumer price index number for the given goods and services. Item Weight in % Base period price Current period price Food 35 150 145 Fuel 10 25 23 Cloth 20 75 65 Rent 15 30 30 Misc....
Gammaro Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales of the credit sales, Gammaro Corporation has experienced the following...
Swifty Company estimates that 2022 sales will be $43,200 in quarter 1,$51,840 in quarter 2 , and $62,640 in quarter 3 , Cost of goods sold is 50% of sales. Management desires to have ending...

Which of the following is NOT a condition of the subject matter of the Islamic contract of

Question:

Step by Step Answer:

The correct answer is d The subject matter must be of high value The value of the subject ...View the full answer

Principles Of Islamic Accounting

Students also viewed these Business questions