The Financial Contracts in islam.
Authored by Hesham Elgeyoushy
Religious Studies
12th Grade
Used 9+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A company enters into a partnership agreement where profits and losses are shared equally between partners. Is this a valid financial contract?
Permitted.
Not Permitted.
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Sameh sells a car to another person and agrees to accept the payment in installments without specifying an interest rate. Is this a valid financial contract?
Permitted.
Not Permitted.
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Arisa and Iffah enter into a lease agreement for an apartment without specifying the rent amount and duration. Is this a valid financial contract?
Permitted.
Not Permitted.
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Ali wants to borrow money from his friend Omar without specifying the terms of repayment. Is this a valid financial contract?
Permitted.
Not Permitted.
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Ashraf, A business owner sells goods on credit and charges an additional fee for late payments.
Permitted.
Not Permitted.
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A contractor overstates the quality of materials used in construction to secure a higher payment.
Permitted.
Not Permitted.
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
A seller conceals defects in a product while selling it to a customer.
Permitted.
Not Permitted.
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