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ANIS FARHANA M

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10 questions

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# 1Multiple Choice

What is the basic definition of a transaction in Islam?

Stealing and selling items
Exchange of item without concent
Exchange of benefits through a valid contract(akad)
Lending without repayment
# 2Multiple Choice

What is a key requirement for a valid sale contract in Islam?

Cheaps items
Rich seller
Offer the acceptance (ijab and qabul)
Unknown buyer
# 3Multiple Choice

In an Islamic transaction, the seller must:

Hide defects of the product
Force the buyer to purchase
Cheat on pricing
Disclose product details honestly
# 4Multiple Choice

A valid Islamic transaction must be free from:

Profit
Promotion
Riba (usury), fraud and uncertainty (gharar)
Low pricing
# 5Multiple Choice

What is the ruling on selling prohibited items like alcohol and pork in Islam?

Permissible
Discouraged
Permissible if highly profitable
Forbidden (haram)
# 6True/False
  1. In islam, both the buyer and the seller must agree willingly to the transactions

# 7True/False

A transaction is valid even if the item sold is unknown or uncertain (gharar)

# 8True/False

It is permissible for the seller to hide the defect of a product to gain more profit

# 9True/False

A transaction that involves riba ( interest) is consider invalid in Islamic law

# 10True/False

Verbal agreement without any written contact is still valid in an Islamic transaction , as long as both parties agrees

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