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Bay' al-'inah Quiz

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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?

Bay’ murabahah Signup and view all the answers

What is the main characteristic of a BBA contract?

Deferred payment basis Signup and view all the answers

What is the purpose of a BBA contract?

To finance an asset on an instalment basis Signup and view all the answers

Bay' al-'inah Quiz

Choose a study mode

Podcast

Questions and Answers

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

What is the purpose of tawarruq or commodity murabahah?

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

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

What is the main characteristic of a BBA contract?

What is the purpose of a BBA contract?

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