Subject: Islamic Jurisprudence

(A) How would you apply Islamic legal capacity to modern legal entities (e.g: companies) owned by Shareholders with different religious backgrounds? Analyze the Shariah compliance of the contracts signed by these entities with their clients. (10 marks)

(B) Examine the main differences between the majority of the jurists (Jumhur) and the Hanafis with regards to makruh (detestable). State whether such a difference of opinion has any impact on Islamic financial transactions. (10 marks)