TAWARRUQ

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let test your focus and understanding !!

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Adnin Nasuha

Malasia

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Froggy Jumps TAWARRUQVersión en línea let test your focus and understanding !! por Adnin Nasuha 1 Which Quranic verse supports the legitimacy of trade like Tawarruq? a Surah Al-Fatihah, verse 1 b Surah Al-Baqarah, verse 275 c Surah Al-Ikhlas, verse 3 2 What are the two contracts involved in a Tawarruq transaction? a Sale and purchase b Investment and dividend c Loan and repayment 3 Which of the following assets are prohibited in a Tawarruq transaction? a Gold, silver, and currencies b Under-construction assets c All of the above 4 How can offer (ijab) and acceptance (qabul) be expressed in tawarruq? a Only verbally in the presence of witnesses b Orally, in writing, or by any other method recognized by Shariah c Only in written legal documents 5 In a Murabahah-based Tawarruq, the price must include? a Profit and cost disclosure b Future inflation rate c Late payment charges 6 Which of the following circumstances can lead to the dissolution of the sale and purchase contract in a tawarruq transaction? a When either party terminates the contract due to a breach of specified terms b When either party exercises a mutually agreed option within the agreed time period c All of the above 7 What happens upon the dissolution of the sale and purchase contract in a tawarruq when the asset has NOT been sold to a third party? a The asset shall be returned to the seller and the price paid shall be refunded to the purchaser b The contract becomes void with no consequences c The purchaser must keep the asset and pay a penalty

Froggy Jumps

TAWARRUQVersión en línea

let test your focus and understanding !!

por Adnin Nasuha

Which Quranic verse supports the legitimacy of trade like Tawarruq?

Surah Al-Fatihah, verse 1

Surah Al-Baqarah, verse 275

Surah Al-Ikhlas, verse 3

What are the two contracts involved in a Tawarruq transaction?

Sale and purchase

Investment and dividend

Loan and repayment

Which of the following assets are prohibited in a Tawarruq transaction?

Gold, silver, and currencies

Under-construction assets

All of the above

How can offer (ijab) and acceptance (qabul) be expressed in tawarruq?

Only verbally in the presence of witnesses

Orally, in writing, or by any other method recognized by Shariah

Only in written legal documents

In a Murabahah-based Tawarruq, the price must include?

Profit and cost disclosure

Future inflation rate

Late payment charges

Which of the following circumstances can lead to the dissolution of the sale and purchase contract in a tawarruq transaction?

When either party terminates the contract due to a breach of specified terms

When either party exercises a mutually agreed option within the agreed time period

All of the above

What happens upon the dissolution of the sale and purchase contract in a tawarruq when the asset has NOT been sold to a third party?

The asset shall be returned to the seller and the price paid shall be refunded to the purchaser

The contract becomes void with no consequences

The purchaser must keep the asset and pay a penalty

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TAWARRUQ

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Froggy Jumps

TAWARRUQVersión en línea

por Adnin Nasuha

Which Quranic verse supports the legitimacy of trade like Tawarruq?

What are the two contracts involved in a Tawarruq transaction?

Which of the following assets are prohibited in a Tawarruq transaction?

How can offer (ijab) and acceptance (qabul) be expressed in tawarruq?

In a Murabahah-based Tawarruq, the price must include?

Which of the following circumstances can lead to the dissolution of the sale and purchase contract in a tawarruq transaction?

What happens upon the dissolution of the sale and purchase contract in a tawarruq when the asset has NOT been sold to a third party?

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