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QUESTION 3 1. O You who believe! Squander not your wealth among yourselves in worthless dealings,but let there be trade by mutual consent.. (Al-Quran 4:19)

QUESTION 3 1.

O You who believe! Squander not your wealth among yourselves in worthless dealings,but let there be trade by mutual consent.. (Al-Quran 4:19) In the light of the above verse examine critically all the elements of contract under Islamic law. State your opinion regarding the feasibility of incorporating elements of Islamic law of contract in the current Common Law of Contract. (10 marks)

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