Bai Bithaman Ajil (BBA)

Bai' Bithaman Ajil can be define as ____________

• A trade-deal in which the seller allows the buyer to pay the price of a commodity at a future date in lump sump or installments

• a contract of agency or delegated authority pursuant to which the principal (muwakkil) appoints an agent (wakeel) to carry out a specific task on its behalf

• a contract for the hiring of persons or renting/leasing of the services or the “usufruct” of a property, generally for a fixed period and price.

• type of partnership for profit which is structured so that one partner provides capital and the other provides labor and expertise.

Below are the differences between murabahah and BBA EXCEPT :

• Both are trade financing ( sale at mark up)

• Murabahah obliged disclose the mark up and BBA is not.

• Customer may opt not to purchase while customer obliged to purchase.

• Murabahah contract executed at 2 different times while BBA involved 2 contract executed at the same time.

Ali sell his car to Abu with deferred payment. Abu sell back the car to Ali by cash. What is the Syariah concept used?

• Bai' Bithaman Ajil (BBA) / Inah

• Bai' Murabahah

• Bai' Musyarakah

• Bai' Tawarruq

• All of the Above

The following item is the condition of buyer EXCEPT

• Aqil

• Baligh

• Intelligent

• Bankrupt

The following item IS NOT the pillars of BBA.

• Buyer

• Seller

• Merchandise

• Duration

Bai Bithaman Ajil merujuk kepada jualan harta secara harga tunai.

• Betul
• Salah

Bai Bithaman Ajil (BBA) contract can use for home and hire purchase financing

• True

• False

"Encik Zulkifli membeli sebuah kereta dengan harga RM80,000 termasuk keuntungannya, manakala bayaran penuhnya diansurkan selama 72 bulan. Encik Zulkifli perlu membayar harga kereta tersebut dengan harga yang dipersetujui hingga tamat tempoh bayaran"

Pernyataan di atas adalah merujuk kepada

• Al-Bai' Bithaman Ajil

• Al-Mudharabah

• Al-Ijarah

• Al-Rahn