Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6. The main critic is that Islamic banks in Murabaha financing earn a predetermined profil without bearing a market risk (1 Point) True False 7.

image text in transcribed
image text in transcribed
image text in transcribed
6. The main critic is that Islamic banks in Murabaha financing earn a predetermined profil without bearing a market risk (1 Point) True False 7. The seller (the bank) does not buy and stock goods, but rather waits for buyers to 'ordet hnto buy goods and then sells them these goods. This is called: (1 Point) Oljara financing O Murabaha to the purchase-orderer. O Salam financing Mudarba financing 9. Which of the following statements is NOT correct regarding the valid sale transactions (1 Point) The Profits shared between parties involved could be specified in the contra as a lump sum, and not as a percentage. The subject of sales must be in a physical or constructive possession of the seller when he sellest to another person. The subject of sale must be owned by the seller at the time of sales. The subject of sale must exist at the time of sale. 8. ........... is a general kind of sale in which the price of the commodity to be traded is stipulated between the seller and the buyer without any reference to the price paid or cost incurred by the seller: (1 Point) Musharaka. O Quard Al-Hasan. Mudaraba. O Musawama

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Risk Based-Approach

Authors: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

11th Edition

1337619455, 1337619450, 9781337670203 , 978-1337619455

More Books

Students also viewed these Accounting questions