Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Part B Answer the followings in accordance with Solam and istisna. a. Discuss rulings regarding delivery of subject matter of Salam with respect to place,

image text in transcribed

Part B Answer the followings in accordance with Solam and istisna. a. Discuss rulings regarding delivery of subject matter of Salam with respect to place, time, and quality of subject matter. b. In order to finance working capital of ABC PVT) Ltd., IB bank signed Istisna'a order with manufacturer of Tractors; ABC (PVT) Ltd. to manufacture 100 tractors for B, ABC also agreed to sell these tractors after manufacturing as an agent of the 18 using is tail distribution network. However, when ABC (PVT) Ltd delivered 100 tractors, the company refused to work as an agent to sell them in market on the grounds that istisna'a and agency were parallel and independent contracts. As Islamic banker, do you think IB has option to blacklist and sue ABC (PVT) Ltd, please argue? (Marks: 5+5=10) Part B Answer the followings in accordance with Solam and istisna. a. Discuss rulings regarding delivery of subject matter of Salam with respect to place, time, and quality of subject matter. b. In order to finance working capital of ABC PVT) Ltd., IB bank signed Istisna'a order with manufacturer of Tractors; ABC (PVT) Ltd. to manufacture 100 tractors for B, ABC also agreed to sell these tractors after manufacturing as an agent of the 18 using is tail distribution network. However, when ABC (PVT) Ltd delivered 100 tractors, the company refused to work as an agent to sell them in market on the grounds that istisna'a and agency were parallel and independent contracts. As Islamic banker, do you think IB has option to blacklist and sue ABC (PVT) Ltd, please argue? (Marks: 5+5=10)

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

Implementing Standardized Work Training And Auditing

Authors: Alain Patchong

1st Edition

146656363X, 978-1466563636

More Books

Students also viewed these Accounting questions

Question

What is disclosure of cost method investment?

Answered: 1 week ago