Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Taruna has formed a partnership company with his wife Dara. A main activity of the firm is to purchase paddy from farmers direct from the

Taruna has formed a partnership company with his wife Dara. A main activity of the firm is to purchase paddy from farmers direct from the paddy field. Farmers requested the payment in cash. The paddy is transported/supplied to a rice mill factory that convert the paddy into rice. The supply/sale of paddy to these millers is on cash basis as well as on credit (1-3 month period).

  1. What is Shariah position, when Taruna sell paddy on (a) cash basis (b) on credit to the miller/factory? Justify your stand.

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

Gold And Debt

Authors: William Lyman Fawcett

1st Edition

1144211727, 978-1144211729

More Books

Students also viewed these Finance questions