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14. Rafe took a loan of 10,000 from Helen for a small business. The business incurred a loss and the capital reduced to 5,000. Can

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14. Rafe took a loan of 10,000 from Helen for a small business. The business incurred a loss and the capital reduced to 5,000. Can Rafe ask Helen to share in the loss? Which statement below is the best answer? 1. Yes, because Rafe took the loan for the growth of his small business. Rafe does not have to pay the full amount back to Helen 2. Yes, because in Islamic finance two parties always share the profit and loss because it is just and fair. Rafe does not have to pay the full amount to Helen 3. No, because the transaction between the two of them is that of a loan and not any form of partnership. Rafe is liable to pay 10,000 to Helen 4. No, because the transaction between the two of them was not recorded by the Shariah Supervisory Board. Rafe is liable to pay 10,000 to Helen

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