1. Classify the following contracts as imperfect, invalid, or valid.

1. Rajoo Islamic bank provides interests to its depositors.

2. An Islamic bank provides financing to build a Masjid

3. An Islamic bank in country X enters into an istisna contract to finance the building of a prostitution centre. Prostitution is legal in the country.

4. Ali signs up for a family takaful policy (similar to life insurance).

5. An Islamic bank provides murabaha financing for a car already owned by Ahmad.

6. Kathija is forced to sell her car for $10000 (less than the market value) to Kevin by Nathan who is a paraplegic on a wheel chair.

7. An underaged boy enters into a loan agreement with his friend.