FIN 546 ISLAMIC FINANCE SULAM

What Is Not Islam & Component of Shariah?

• Tauhid (Unification &Risk taking attitude

• Akhlak (Moral standard)

• Akidah

• Syariah/Law (Applied Principle)

Identify the type of riba when the ribawi materials exchanged are of different weights, measurements or numbers and are exchanged at the same time.

• 
  Riba Qardh

• 
  Riba Fadhl

• 
  Riba Nasi'ah

• 
  Riba Jahiliyyah

The amount of riba' can be only determined at the end of a business project.

• True

• False

(a)   refers to the easy acquisition of wealth by chance, whether or not it deprives the other’s right.

What is secondary sources of Islamic Law?

• The Holy Qu'ran

• Sunnah

• Ijma' a

• Maslahah Mursalah