GT20603 WEEK 10

"Derived from the root word ‘أجر’ that means to compensate or to give consideration in return"

This is the definition of;

• Rahn

• Musyarakah

• Ijarah

• Mudharabah

Ijarah is divided into 2 main types which are based on the subject matter and based on the contractual relationship

• TRUE

• FALSE

To lease out the works and self skills is called;

• Ijarah 'ain

• Ijarah 'amal

• Ijarah muntahiya bil-tamlik

• Ijarah thumma al-bay'

What is the definition of ujrah?

• A form of lease contract that offers the lessee an option to own the asset at the end of the lease period

• Ijarah that ends with the sale of the asset

• Rental or fees for usage of labor and benefits

• Ijarah that executed for an asset undertaken by the lessor to be delivered to the lessee according to accurate specifications in the future.

Choose the pillars of rahn

• Rahin (pledgor)

• Murtahin (pledgee)

• Marhoun (pledged asset)

• Marhoun bih (liability)

• Sighah

Which one is NOT the conditions related to the pledged object (marhoun)?

• Valuable

• Pledged together if the objects are naturally connected

• Sufficient value to cover the debt amount

• Expensive

In rahn system, the balance after the auction will be returned back to the pledgor

• TRUE

• FALSE