ISB548_TUTORIAL CH07_08

A compensation, reward, consideration, return or counter value (al-‘iwad) against the use of an object.

• Waqf

• Qard

• `Ariyah

• Ijarah

NOT a condition of the valid 'manfaah'

• has the power and capacity to use

• must be known

• could not be fixed in value

• All above

A has leased his house to B. The taxes referable to the property shall be borne by B, while the water tax, electricity bills and all expenses referable to the use of the house shall be borne by A, the lessee.

• VALID

• INVALID

A said to B. “I lease you one of my two shops.” B agreed. The lease is void because ________

• B agreed silently

• the subject is clearly determined and identified.

• A did not own the shops offered

• the subject is not clearly determined and identified.

A leases his house to B for a total period of 5 years. The rent for the first year is fixed as RM 2000/- per month and it is agreed that the rent of every subsequent year shall be 10% more than the previous one. The lease contract is____

• VALID

• INVALID

A puts a condition in the agreement that the rent of RM 1500/- per month is fixed for the first year only. The rent for the subsequent years shall be fixed each year at the option of the lessor.

This lease contract is ____

• VALID

• INVALID

An income-generating or manfaah-producing property whose yield or benefits are assigned by the owner in perpetuity to a named group of individuals or the public.

• 'Ariyah

• Ijarah

• Waqf

• Hibah

The legal incidents attached to a waqf are ____, ____, and ____

• irrevocability

• non-tradable

• perpetuity

• consistency

The proceeds of this waqf are earmarked to charity and philanthropy. It is meant to help specifically financially-challenged individuals and communities.

• Waqf Istibdaal

• Waqf Khairi

• Waqf Ahli

• Waqf Diini

It is a type of transaction in which one party doesn't require any compensation for some object he presents to the other party.

• `Ariyah

• Hibah

• Waqf

• Qard al Hassan