Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Nasir wants to enter into an exchange contract with Nisar. Nasir exchanges 10 kg dates with 15 kg of wheat. Islamic law for such transactions
Nasir wants to enter into an exchange contract with Nisar. Nasir exchanges 10 kg dates with 15 kg of wheat. Islamic law for such transactions is:
The exchange must be on the spot only
The exchange must be in equal quantity from both sides
This exchange must be on the spot as well as in equal quantity.
Since the exchange is between different commodities, therefore, there is no requirement for it, neither the spot nor equality in quantity.
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