WorksheetsPre lesson quiz (ibra, muqassah, waad, hamish jiddiyyah & urbun)
Total questions: 10
Worksheet time: 8mins
The default object of a muqassah contract is
a single debt.
a pair of debts.
a non-fungible.
a non-debt obligation.
An Islamic financial institution (IFI) may grant ibra’ to its customers of a sale-based financing such as _____ who settled their debt prior to the agreed settlement period as stipulated in the agreement concluded by both parties.
rahn
murabahah
mudarabah
al-ijarah thumma al-bay’
Which of the following is true about the result of an obligatory muqassah?
The debts are not cleared.
The debts are partially cleared.
The debts are automatically cleared.
The debts are transferred to a third party.
“An act of absolving one’s financial rights established in another person’s liability which leads to discharging the other from liability to fulfill the obligation.” This statement refers to the technical meaning of
rahn.
ibra’.
sulh.
shuf’ah.
Muqassah al-Ittifaqiyyah is applicable when the subject matter is _____in terms of genus _____ attribute.
similar; or
different; or
similar; and
different; and
According to Bank Negara Malaysia (BNM) wa’ad policy document, the following are implications of a binding wa’ad except:
the promisor shall not unilaterally revoke his wa’ad.
the promisee shall not unilaterally revoke his wa`ad.
the promisor shall fulfil his wa`ad in accordance with the specified condition.
the promisee has a right to claim compensation for any actual loss suffered due to the failure of the promisor to fulfil his wa`ad.
According to the AAOIFI Shariah Standard, bilateral promises where one has option to cancel is
permissible.
reprehensible.
not permissible.
not permissible except in the case of a valid need
Mujahid, Ibnu Sirin, Nafi’ bin Haris, Zaid bin Aslam and the Hanbali mazhab considered bay’ al-‘urbun as permissible based on the practice of
Ali ibn Abi Talib.
Umar al-Khattab.
Uthman ibn Affan.
Abu Bakar al-Siddiq.
“A payment made by the purchase orderer or promisor who promises to buy a specified item from the seller or financier as a sign of seriousness by the promisor on his promise for the financier to buy the specified item if the item is bought by the financier”. This statement refers to
shart jazā’i.
bay’ al-wafā’.
bay’ al-‘urbun.
hamish jiddiyyah.
Bay’ al-‘urbun is not permissible and forbidden since it contains elements of gharar, maysir and unlawful acquisition of property without proper compensation. This statement refers to the view of
A. Jumhur.
B. Hanabilah.
C. Hanafiyyah and Malikiyyah.
D. Shafi’iyyah and Hanabilah.
