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Questions and Answers
Which term refers to a sale with immediate repurchase of an asset at a higher price on a deferred payment basis?
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?
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?
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?
Which term is commonly used in the Middle Eastern countries to refer to a deferred payment sale?
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What is the main characteristic of a BBA contract?
What is the main characteristic of a BBA contract?
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What is the purpose of a BBA contract?
What is the purpose of a BBA contract?
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