Islamic Finance Contracts Quiz

Contracts that facilitate the exchange, sale, and trade of goods and services in the real sector economy.

Contracts that offer ways to create and extend credit, facilitating the financing of transactional contracts. They also provide channels for capital formation between investors and entrepreneurs.

A contract that involves the sale of ownership of goods or assets. It's the foundation of many business transactions.

A type of Bay' contract where the exchange of goods or assets occurs on a deferred basis. It involves a promise to pay in the future.

A contract that involves the sale of the right to use an asset (e.g., renting a car). It essentially grants temporary ownership rights for a specified period.

A financing contract where the seller agrees to sell an asset to the buyer for a future payment, typically with a markup. It essentially provides financing for the purchase.

A financing contract where the seller produces an asset specifically for the buyer based on agreed-upon specifications. This is often used in manufacturing and construction.

A financing contract where investors pool funds to finance an enterprise, sharing the profits and risks. It's a common way to raise capital for businesses.

Contracts in Islamic finance that facilitate financial transactions and services, offering tools for intermediaries to perform financial intermediation and provide fee-based services for economic activities.

Fee-based services offered by Islamic banks, like consultations, representation, and guarantees.

A type of intermediation contract, where two parties (an investor and a bank) share profits and losses in a specific enterprise.

An intermediation contract involving entrusting assets for management.

An intermediation contract for a service where reward is paid upon successful completion of the task.

An intermediation contract involving the storage of goods for safekeeping.

A financing contract where the seller produces an asset specifically for the buyer based on agreed-upon specifications. Often used in manufacturing and construction.

Contracts that aim to promote the well-being of the less fortunate in society.

A financing contract where the seller agrees to sell an asset to the buyer for a future payment, typically with a markup. Provides financing for the purchase.

An intermediary can offer community services by institutionalizing social welfare contracts even though it's outside the scope of traditional intermediation.

A financing contract where investors pool funds to finance an enterprise, sharing the profits and risks. A common way to raise capital for businesses.

A gratuitous loan given without the expectation of any return or interest. A form of Islamic charity.

A legal institution in Islamic law that involves the dedication of property for charitable or public use.