NEW
Font size
WorksheetsIslamic Ethics in Business Transaction and Organization
Total questions: 10
Worksheet time: 5mins
Elements to form a legally binding contract EXCEPT:
Offer and acceptance
Muslim contracting parties
Mutuality of obligation
Consideration
In the agreement with its business partner, Melati Sdn Bhd has clearly outline all the details of the company such as the names and address of the contracting parties, the term of agreement and etc.
This explains one of the aspects in business agreement which is:
Contract basics
Business basics
Mutual release
Non disclosure agreement
The sale was finalized with the buyer or seller touching a piece of cloth.
The statement above explains about:
Muzabanah
Muhaqalah
Munabazah
Mulamasah
Which of the following involve Riba An Nasiah
Paying additional charges for credit card usage due to late payment
Exchanging 10 grams of 999 gold with 15 grams of 916 gold.
Purchasing motorcycle from Tan Cheong Sdn Bhd with deferred payment
Exchanging Ringgit Malaysia with Korean Won in deferred payment
Which of the following sales does not involve gharar?
Sales of without proper description
Sales of good without specifying the price
Sales of good specifying the quantity of the goods
Making a contract conditional on an unknown event
Which of the following is INCORRECT about agency (Wakalah) contract?
Principal appoint agent to act on behalf of the principal
Agent is entitled to receive commission for his services
Any action of the agent is not deemed as action of the principal
Agent must only performed legal actions instructed by the principal
As the agent of Coway water filter, Farihin is able to clearly and accurately explain about the product to her customer.
Which of the characteristics of agent explains the situation above?
Truthful
Upholding trust
Convey
Intelligence
Which of the following item is not the ribawi item mentioned in the hadith?
wheat
diamond
silver
dates
Kedai Runcit Pak Abu generously allows some of the poor customers to delay in making payment for the goods purchased.
Pak Abu practise the behaviour of:
Forgiveness and leniency in dealing
Denying short sale
Denying hoarding
Avoiding deception
Pipi Merah Enterprise registered its products as cosmetics when the products actually contains controlled ingredients and must be registered as pharmaceutical products.
Pipi Merah's above action has involved:
Gharar
Misrepresentation
Fraud
Riba
