IMU502 Test

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IMU502
APPLICATION OF FIQH MUAMALAT

Test
1 Hour
15 Marks
Group 3P

Explain the following muamalat contracts in Islamic banking practice.

1. THREE (3) steps of Bai’ al-Murabahah' contract to apply financing with illustration. (4 marks)

2. TWO (2) advantages of Bai’ al-Istisna'. (3 marks)

3. TWO (2) issues on Bai' Bithaman 'Ajil. (4 marks)

4. Distinguish TWO (2) elements of Bai’ al-'Inah contract with Bai’ al-Tawarruq. (4 marks)