Answer to Question #267205 in Other for Shehri

Question

Question: 4:

a.              Define Riba in the light of Quran and Hadith (At least 3 of each)

Question: 5 :

a.              Explain the various types (Riba Al Nasiah, Riba Al Fadle, Commercial Interest, Usury, Simple Interest and Compound interest) of Riba.(2-3 lines for each)

b.              “Commercial interest was not prevailed in the era of Holy Prophet (PBUH).” Comments in the light of prohibition of Riba. (Up to one page)

c.              “Interest is permissible with mutual consent” Comments in the light of prohibition of Riba. (Up to one page)

Question: 6:

a.              Define the Islamic law of contract (2-3 lines)

b.              Explain the basic elements of an Islamic contract (2-3 lines for each)

C.            Explain the scenarios under which an Islamic contract is termed void, defective, Disliked and valid (2-3 lines for each)

D.            Define Uqood Muawadha and Uqood Ghair Muawadha with examples.(3-4    lines for each)

Answer 1

Dear Shehri, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order