Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 20, 2024

Explain Three (3) differences between takaful and insurance especially in aspects of gharar, riba and maysir. Please use your own sentences to explain the differences

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Fundamentals Of Financial Management

Authors: James Van Horne, John Wachowicz

13th Revised Edition

978-0273713630, 273713639

More Books

Students also viewed these Finance questions

Question

What could explain the simultaneous increases in the price of lithium and the production of lithium? Use supply and demand curves to explain the

Answered: 1 week ago

Question

what could explain the simultaneous increases in the price of lithium and the production of lithium? use supply and demand curves to explain the

Answered: 1 week ago

Question

Zelote is deciding whether to use a journal or T accounts to record her business transactions. What's the primary advantage of using a journal? Question 8 options: it makes finding errors easier. It...

Answered: 1 week ago

Question

★★★★★

What pricing system is used to price the water you use at your college or university? Does this pricing system affect your behavior about water use (length of showers, etc.)? How? Could you recommend...

Answered: 1 week ago

Question

★★★★★

Two recent graduates from business school (Mark Van and Sheila Epps) decided to set up an investment company to acquire home mortgages that are in default but that they hope to restructure in ways...

Answered: 1 week ago

Question

★★★★★

Why do many UK companies revalue their property? How might this affect profit? Why is this practice unusual internationally?

Answered: 1 week ago

Question

★★★★★

=+c) Complete the test and report your conclusion.

Answered: 1 week ago

Question

★★★★★

Do the following events represent business transactions? Explain your answer in each case. (a) A computer is purchased on account. (b) A customer returns merchandise and is given credit on account....

Answered: 1 week ago

Question

★★★★★

Find the slope of the ine passing through the prot points or state that the slope is undefined. The scate whether the theough the pots estats (-5.-1) and (-7-9) Select the comect choice below and...

Answered: 1 week ago

Question

★★★★★

A student drops two metallic objects into a 120-g steel container holding 150g of water at 25C. One object is a 194-g cube of copper that is initially at 83C, and the other is a chunk of aluminum...

Answered: 1 week ago

Question

★★★★★

Riverside Growers Corp manufactures garden tools in a factory in Taneytown, Maryland. Recently, the company designed a collection of tools for professional use rather than consumer use. Management...

Answered: 1 week ago

Question

★★★★★

Complete the cost card based on the following budgeted data for 8,000 units: Sales 350,000 Direct labour (10 per hour) 40,000 Direct materials (11.25kgs per unit) 180,000 Variable production cost...

Answered: 1 week ago

Question

★★★★★

Consider a set of samples {x1, x2,...,xN} that are independent and identically distributed (i.i.d.) according to a Gaussian distribution p(xi) = G (x;; , o), where i = 1, 2,..., N. Recall that the...

Answered: 1 week ago

Question

★★★★★

In both of the functions for this exercise, you used the double-accumulator pattern to produce the result. In one case it was to produce a list of numbers, and in another case it was to produce a...

Answered: 1 week ago

Question

★★★★★

Nakul works at a bank and has been tasked with reducing the number of invalid checks accepted by bank tellers (e.g., checks without a signature or a date). Nakul researches the problem, generates...

Answered: 1 week ago

Question

★★★★★

Hydro Spons budgets overnead cost of $708.000 for the year, of this amount $420.000 is traceable to the Assembly department and $288,000 is traceable to the Finisting department. The company...

Answered: 1 week ago

Question

★★★★★

XYZ Inc. a calendar year, accrual basis corporation, had the following items during 2021: Gross revenue from operations Cost of goods sold $420,000 ($180,000) $9,000 LT capital gain .LT capital...

Answered: 1 week ago

Question

★★★★★

Conduct some research on the future of the Social Security programs (see the Web site www.ssa.gov). Based on your research, prepare a statement, not to exceed 250 words, that describes your view of...

Answered: 1 week ago

Question

★★★★★

What can employers in your country do to overcome the entitlement mentality of employees with regard to benefits offered to them?

Answered: 1 week ago

Question

★★★★★

List the main components of executive compensation packages.

Answered: 1 week ago

Previous Question Next Question