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Help Please Asap (Question 5) (a) Identify the following cases whether it is prohibited or permissible and justify your answer. i. Company Carls and Bergs
Help Please Asap
(Question 5) (a) Identify the following cases whether it is prohibited or permissible and justify your answer. i. Company Carls and Bergs launch new alcoholic energy drink under name brand of Al-Ihsan to attract Muslim society to buy their product. (3 marks) ii. Mr Amrin needs 150 grams of wool to complete his cloth. He went to Mr Parks farm and he change 100 grams of dates to get 150 grams of wool from Mr Parks. (3 marks) ISLAMIC FINANCIAL MARKETS 4/5 iii. Aliya applies for financing RM10,000 at Bank ABC for 9 years. The bank set the interest rate for her financing is at 8 percent from her principle. (3 marks) iv. Hotel Star Dream introduce new promotion for all rooms and services and set at fixed rate per customer. (3 marks) v. Imran eats frog to survive for a new more days because he lost in the jungle and stuck in a cave because of injury. (3 marks) (b) Mr Isaac is a manager at ABC Islamic Bank. After going through the process of Shariah screening for his bank, he found out that his bank was having some issues with regards to Shariah ruling and he needs some sources to guide him to solve the issues. Assist Mr. Isaac by introducing FIVE (5) sources for Islamic financial market. (10 marks) (Question 6) (a) Tuffah Bank is an agricultural bank mandate to facilitate the paddy farmers agricultural activities and Zawara Berhad is a government owned rice wholesaler. Explain the most appropriate Shariah contract that underlies a financing involving the above parties. (10 marks) (b) Al Rahn in the contemporary application may take either the form of papers such as property documents, vehicle paper, sukuk and shares, or objects like ornaments, jewelleries and other valuable. (i) Illustrate a basic Al Rahn structure in an Islamic mortgage or financing. (10 marks) (ii) Give your opinion on how Al Rahn can contribute to the development of Islamic mortgage and financing. (5 marks) 4/5Step by Step Solution
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