What is an example of Riba in loans?

Paying back the same amount borrowed

What is hire purchase?

A method of buying goods through installment payments, with ownership transferred after full payment.

A method of renting goods without any payment

A way to buy goods at a discounted price upfront

A type of loan with immediate ownership

What is charged on the outstanding amount in a hire purchase?

Interest is charged on the outstanding amount.

No charges are applied to the outstanding amount

A fee is charged for processing the hire purchase.

A flat rate is charged regardless of the outstanding amount.

Is it permissible to engage in hire purchase agreements that involve interest from an Islamic perspective?

No, it is not permissible to engage in hire purchase agreements that involve interest from an Islamic perspective.

It depends on the amount of interest involved.

Yes, it is permissible if the interest is low.

Hire purchase agreements are always permissible in Islam.

What happens if a payment is made late in a hire purchase agreement?

Late payments can result in added fees, which considered haram

Late payments have no effect on the agreement terms.

Late payments are always forgiven without penalty. and it is permossible

Late payments increase the total amount due by 50%. which considered haram

What does Allah Ta’ala declare about gambling?

Gambling is prohibited (haram) in Islam.

Gambling is encouraged in Islam.

Gambling is allowed under certain conditions.

Gambling is a form of charity in Islam.

Why is gambling considered impermissible in Islam?

Gambling is impermissible in Islam due to its promotion of unjust gain, greed, and potential social harm.

Gambling is a form of charity in Islam.

Gambling is encouraged for financial stability.

Gambling is a traditional cultural practice endorsed by Islam.

Why do some Muslim scholars consider digital currency impermissible?

Digital currency is considered impermissible by some Muslim scholars due to concerns about uncertainty, speculation, and lack of intrinsic value.

Digital currency is widely accepted in all Muslim countries.

Digital currency is backed by gold and silver.

Digital currency is considered a form of charity in Islam.

What happens if credit card debt is not paid within the interest-free period?

Interest will start accruing on the unpaid balance, and late fees may apply.

The debt will be forgiven after a certain period.

Your credit score will automatically improve.

You will receive a bonus for not using the card.

Quiz on Riba and Its Implications

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Religious Studies

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9th Grade

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Practice Problem

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Easy

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Quiz on Riba and Its Implications

22 questions

What is the Arabic term for interest?

According to the Qur'an, what has Allah announced against those who take interest?

What is the Shar'i meaning of Riba?

Which of the following is considered a major sin in Islam?

What does the term 'Riba al-Nasi'ah' refer to?

What is the ruling of Riba or usury in Islam?

Which verse from the Qur'an states that God has permitted trade and forbidden interest?

What is an example of Riba in loans?

What is the consequence of engaging in Riba according to the Hadith?

Which of the following is NOT one of the items that can incur Riba?

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