Competition on ISLAMIC FINANCE

How many basic rules does have the SALE?

• 3

• 4

• 5

• 6

Which example is appropriate to the following rule:

The subject of sale must be existing at the time of sale.

• Anvar sells to Bobur a car which is presently owned by Sanjar, but Anvar is hopeful that he will buy it from Sanjar and shall deliver it to Bobur subsequently.

• Anvar sells the unborn calf of his cow to Bobur

• Anvar has purchased a car from Bobur. Bobur has not yet delivered it to Anvar or to his agent.

Which example is appropriate to the following rule:

The subject of sale must be in the physical or constructive possession of the seller when he sells it to another person.

• Anvar sells to Bobur a car which is presently owned by Sanjar, but Anvar is hopeful that he will buy it from Sanjar and shall deliver it to Bobur subsequently.

• Anvar sells the unborn calf of his cow to Bobur

• Anvar has purchased a car from Bobur. Bobur has not yet delivered it to Anvar or to his agent.

Which example is appropriate to the following rule:

The subject of sale must be in the ownership of the seller at the time of sale.

• Anvar has purchased a car from Bobur. Bobur has not yet delivered it to Anvar or to his agent.

• Anvar sells the unborn calf of his cow to Bobur

• Anvar sells to Bobur a car which is presently owned by Sanjar, but Anvar is hopeful that he will buy it from Sanjar and shall deliver it to Bobur subsequently.

Which products are sale-based in Islamic finance?

• Mudaraba, Murabaha and Musharaka

• Murabaha, qard ul-hassan and Salam

• Ijarah, Salam, Murabaha, Istisna

• Mudaraba and Musharaka

Which products are participatory financial instruments in Islamic finance?

• Salam and Istisna

• Murabaha, Ijara, Mudaraba

• Qard ul hassan and Murabaha

• Mudaraba and Mushoraka

In which contract whereby the purchaser pays the price in advance and the delivery of the subject matter is postponed to a specified time in the future ?

• Istisna

• Salam

• Ijarah

• Murabaha

In which contract, whereby the price can be paid in Installment and the delivery of the subject matter must be given hand to hand?

• Istisna

• Salam

• Ijarah

• Murabaha

In which sale contract, the purchaser makes a contract in order to construct or manufacture something at a specific price, specific time period, and specific requirements?

• Istisna

• Salam

• Ijarah

• Murabaha

_____________________is anything that is used or consumed in the tradition (urf) and has its intrinsic value.

• Saman

• Goods or commodity

• Mabe