Scribd Logo
Upload

Welcome to Scribd!

  • 246 views

    Imu151 Soalan

    Uploaded by

    2023811868
    soalan and note

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Imu151 Soalan

    Uploaded by

    2023811868
    246 views5 pages
    soalan and note

    Original Title

    IMU151_SOALAN

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    soalan and note

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    246 views5 pages

    Imu151 Soalan

    Uploaded by

    2023811868
    soalan and note

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 5

    CONFIDENTIAL IC/JAN 2024/IMU151

    UNIVERSITI TEKNOLOGI MARA


    FINAL EXAMINATION

    COURSE : FIQH MUAMALAT


    COURSE CODE : IMU151
    EXAMINATION : JANUARY 2024
    TIME : 3 HOURS

    INSTRUCTIONS TO CANDIDATES

    1. This question paper consists of two (2) parts: PART A (1 Question)


    PART B (4 Questions)

    2. Answer the question from PART A and three (3) questions from PART B in the Answer
    Booklet. Start each answer on a new page.

    3. Do not bring any material into the examination room unless permission is given by the
    invigilator.

    4. Please check to make sure that this examination pack consists of:

    i) the Question Paper


    ii) an Answer Booklet – provided by the faculty

    5. Answer ALL questions in English.

    DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO


    This examination paper consists of 4 printed pages

    © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL


    CONFIDENTIAL 2 IC/JAN 2024/IMU151

    PART A

    QUESTION 1

    Bay' al-‘Inah is a controversial Islamic financial contract that has raised significant debate
    within Islamic finance circles. It entails selling an asset to a buyer at a specified price, after
    which the buyer resells the same asset to the seller at a lower price with deferred payment
    terms. This structure allows for a form of financing that some scholars argue is akin to
    conventional interest-based loans.

    Based on the above statement:

    a) Discuss the Islamic jurisprudence arguments for and against Bay' al-‘Inah.

    (5 marks)

    b) Show two (2) differences between Bay’ al-‘Inah and Bay’ al-Murabahah.

    (5 marks)

    © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL


    CONFIDENTIAL 3 IC/JAN 2024/IMU151

    PART B

    QUESTION 1

    Narrated by `Aisha: The Prophet (peace be upon him) purchased food grains from a Jew on
    credit and mortgaged his iron armor to him.

    (Sahih al-Bukhari, 2068)

    Based on the above Prophetic tradition:

    a) Discuss two (2) purposes of Bay' Bithaman Ajil.

    (5 marks)

    b) Explain two (2) arguments of scholars behind the permissibility of different pricing for
    both normal sale and Bay' Bithaman Ajil.

    (5 marks)

    QUESTION 2

    Bay' al-Salam is a type of forward contract between two parties for the sale or purchase of a
    commodity, with terms and conditions agreed upon for a future date. The Bay al-Salam
    contract is beneficial for both buyer and seller because the seller receives full payment in
    advance while the buyer can purchase the commodity at a favorable price.

    Based on the above statement:

    a) Describe two (2) conditions related to the musallam fih (purchased commodity) in Bay'
    al-Salam.

    (5 marks)

    b) Explain two (2) types of Bay’ al-Salam.

    (5marks)

    © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL


    CONFIDENTIAL 4 IC/JAN 2024/IMU151

    QUESTION 3

    "O Messenger of Allah! A man came and asked me to sell him something I didn't have (I
    acted to sell it to him). Can I buy the item in the market to hand over to him? He (the
    Prophet) said: Don't sell things you don't have."

    (Hadith narrated by Abu Daud)

    Based on the above Prophetic tradition:

    a) Explain two (2) conditions of istisna' asset.

    (5 marks)

    b) Discuss two (2) types of istisna' contract.

    (5 marks)

    QUESTION 4

    Tawarruq is the purchase of an asset that is owned by the seller, with deferred payment, and
    then sold to someone other than the seller for cash, typically for liquidity purposes.

    (International Islamic Fiqh Academy, 2009)

    Based on the above statement:

    a) Explain two (2) conditions of Bay' al-Tawarruq.

    (5 marks)

    b) Discuss two (2) contemporary scholars' views on Bay’ al-Tawarruq.

    (5 marks)

    END OF QUESTION PAPER


    © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL
    CONFIDENTIAL 5 IC/JAN 2024/IMU151

    © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy