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{"ops":[{"insert":"Mr. Amar wants to do a grocery business. He has a capital RM80, 000. His best friend, Mr. Amir is willing to contribute some money to join the business.\n\nBased on this situation:\n\na)\u00a0\u00a0\u00a0\u00a0Suggest "},{"attributes":{"bold":true},"insert":"ONE (1)"},{"insert":" contract that can be utilized by Mr. Amar and Mr. Amir to run the business.\n"},{"attributes":{"italic":true},"insert":"\u00a0(3 marks)"},{"insert":"\n\n\n\n\n\nb)\u00a0\u00a0\u00a0\u00a0Explain how are Mr. Amar and Mr. Amir going to distribute their profit or loss using the contract suggested.\n"},{"attributes":{"italic":true},"insert":"(4 marks)"},{"insert":"\n\n\n\n\n\n\nc)\u00a0\u00a0\u00a0\u00a0Discuss how the contract between Mr. Amar and Mr. Amir can be terminated and discharged. \n"},{"attributes":{"italic":true},"insert":"(4 marks)"},{"insert":"\n\n\n\n\n\n\n\nd)\u00a0\u00a0\u00a0\u00a0Elaborate "},{"attributes":{"bold":true},"insert":"FOUR (4)"},{"insert":" essential elements in the business contract carried out by Mr. Amar and Mr. Amir.\n"},{"attributes":{"italic":true},"insert":"(4 marks)"},{"insert":"\n\n\n\n\n\n\n\n\n\n\n"},{"attributes":{"bold":true},"insert":"QUESTION 2 (15 MARKS) "},{"insert":"\n\nThe Shariah aims at promoting the welfare of society and safeguarding it from all forms of impediment and difficulties. The objective of Shariah should be used as a guide in developing business goals and objectives. It teaches us not to aim at making profit but instead we should aim at providing the best service to the customers.\n\na)\u00a0\u00a0\u00a0\u00a0Identify "},{"attributes":{"bold":true},"insert":"FIVE (5)"},{"insert":" objectives of Shariah\n"},{"attributes":{"italic":true},"insert":"(5 marks) "},{"insert":"\n\n\n\n\n\nb)\u00a0\u00a0\u00a0\u00a0Discuss "},{"attributes":{"bold":true},"insert":"TWO (2)"},{"insert":" forbidden practices in Islamic finance and Banking\n"},{"attributes":{"italic":true},"insert":"(4 marks)"},{"insert":"\n\n\n\n\n\n\nc)\u00a0\u00a0\u00a0\u00a0There are two sources of laws that governs Islamic banking and finance. Briefly explain "},{"attributes":{"bold":true},"insert":"THREE (3)"},{"insert":" types of secondary sources in Islamic finance.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\n"},{"attributes":{"italic":true},"insert":"(6 marks)"},{"insert":"\n\n\n\n\n\n\n\n\n\n\n"}]}

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