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Bay' al-'inah Quiz
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Bay' al-'inah Quiz

Created by
@UnderstandableNephrite

Questions and Answers

Which term refers to a sale with immediate repurchase of an asset at a higher price on a deferred payment basis?

  • Commodity murabahah
  • Bay’ al-'inah (correct)
  • Tawarruq
  • Bay’ muajjal

    • What is the purpose of tawarruq or commodity murabahah?

  • To buy back an asset at a lower price
  • To purchase an asset and gain cash money (correct)
  • To arrange a deferred payment sale
  • To sell an asset to a third party

    • Which term is commonly used in Malaysia and Brunei to refer to a deferred payment sale?

  • Commodity murabahah
  • Tawarruq
  • Bay’ al-'inah
  • Bay’ muajjal (correct)

    • Which term is commonly used in the Middle Eastern countries to refer to a deferred payment sale?

    <p>Bay’ murabahah</p> Signup and view all the answers

    What is the main characteristic of a BBA contract?

    <p>Deferred payment basis</p> Signup and view all the answers

    What is the purpose of a BBA contract?

    <p>To finance an asset on an instalment basis</p> Signup and view all the answers

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