In barter exchanges, if the exchange occurs between homogeneous commodities, then according to Islamic Law, the exchange must be Both, on the spot and equal in quantity/weight Only on the spot Equal in quantity/weight only Both, on the spot and equality in quantity are not necessary
In barter exchanges, if the exchange occurs between homogeneous commodities, then according to Islamic Law, the exchange must be Both, on the spot and equal in quantity/weight Only on the spot Equal in quantity/weight only Both, on the spot and equality in quantity are not necessary
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In barter exchanges, if the exchange occurs between homogeneous commodities, then according to Islamic Law, the exchange must be
- Both, on the spot and equal in quantity/weight
- Only on the spot
- Equal in quantity/weight only
- Both, on the spot and equality in quantity are not necessary
Conventional bank borrows money from the account holders and pays them a predetermined return on it and then lends money to the clients and charges predetermined return from them
- True
- False
Takaful is derived from an Arabic word "Kafala" which means
- To invest
- To facilitate
- To guarantee
- To transfer rewards
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