Riba al-Fadl refers to a delay in the settlement of one or both counter-values.

GHARAR and RIBA

Quiz
•
Other
•
University
•
Hard
Fida Fid
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Exchanging US$105 with AUD$100 on the spot (hand to hand, without delay) is permissible.
TRUE
FALSE
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gharar refers to uncertainty and deception (amongst other things).
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The flesh of a dead animal is not considered a property of value to a Muslim.
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is FALSE?
Gharar is allowed in Islamic transactions provided one of the parties has agreed to the condition.
The availability of criteria that involves betting upon the happening of uncertain future event may constitute the Islamic contract as valid.
Non-muslim can take Islamic financing.
Shariah requirements must be observed to ensure Islamic contract is permissible.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Contracts involving gharar yasir are permissible and valid.
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gharar is allowed in Islamic transactions provided one of the parties has agreed to the condition.
TRUE
FALSE
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