Analyze the basis for the prohibition of riba in Islam and explain briefly the TWO (2) types of riba together with examples.

Q: B. Do you think cultural diversity is an asset or a liability? Justify your views with three…

A: Cultural Diversity is an asset because of the following reasons: 1) Diverse perspectives: It helps…

Q: Describe any debates to overturn the ACA

A: The Affordable Care Act (ACA), also known as Obamacare, has been a subject of debate and attempts to…

Q: Differentiate the common misconceptions and controversies on the prohibition of Riba.

A: Riba means excess, addition, growth or augmentation. It is divided in to two categories…

Q: What are the two major types of legal system used in the world? Choose one of the following: A) low…

A: Legal law is the set of laws of a country and the ways in which they are interpreted and enforced.

Q: The Sarbanes-Oxley Act requires the following?

A: Sarbanes-Oxley Act is formulated during 2002 under US federal law. The prime purpose of the act is…

Q: What are basic rules of sale in Islam explain with examples

A: Sale (Bai) is commonly defined in shari’ah as “the exchange of a thing of value by another thing of…

Q: alat to a Muslim. Examples are encouraged to reinforce your answer. State the importance of them to…

A: istihlaki property with isti‘mali property (Usable) isti'mali: Property that stay once it's used.…

Q: Citing an example, distinguish between ethical issues and legal issues.

A: Distinguish between ethical issues and legal issues. Ethics are moral obligations that are…

Q: Discuss the scope and penalties of Sarbanes Oxley Act.

A: The Sarbanes Oxley Act or the SOX was brought to force as a response to the substantial increase in…

Q: Define the concepts and basic rulings of Mudaraba and Musharaka.

A: Mudaraba is a form of partnership in terms of profit in which one partner provides capital to the…

Q: Doctrine of Precedent?

A: Judicial precedent refers to the way in which the law is made and amended through the decisions of…

Q: tate two (2) main criticisms against the adoption of IFRSs in some countries.

A: IFRS was established to give a single view to the balance sheet prepared by the companies globally.…

Q: Discuss how the existence of Islamic finance fulfils the objectives of Shariah.

A: Shariah The term used in Islamic religion accustom with the rules regulation which are to be…

Q: Write a persuasive paragraph arguing the merits of America either adopting or not adopting IFRS?

A: Answer:-  IFRS meaning:- International Financial Reporting Standards (IFRS) are a collection of…

Q: What are your thoughts on tort reform in the United States? Should there be a limit on the amount of…

A: ANSWER   Tort reforms are the proposed changes made in the civil justice system of United States…

Q: 0 Ijma’ is the source of shari’ah law that concerns   Select one: all the actions and sayings…

A: In the Islam the banking and finance is done in very different manner and have own different rules…

Q: Insurance is prohibited in Islam due to the following elements except:   A ) Tabarru' B ) Riba…

A: A ) Tabarru':- It is a unilateral contract or sincere donation which is done without expecting any…

Q: Explain relevant law General Rule Exception   Apply law to key facts General Rule  Exception

A: In the question this has been asked regarding the long term capital gains. Gains which a taxpayer…

Q: What should Rob Cushman do about the two items described in the Remaining Issues section of the…

A: Under the current system, distinguishing between controllable and uncontrollable elements is…

Q: What is difference between Musharakah and Ijarah explain with example ?

A: Musharakah It is the arrangement of joint partnership in Islamic finance under which both profits,…