What are the components of shariah? Aqidah, fiqh, akhlaq

1. 
   What are the components of shariah?
   

1. 
   Aqidah, fiqh, akhlaq
   
2. 
   Ibadat, muamalat
   
3. 
   Ibadat, qiyas, sukuk
   
4. 
   Maslahah, fiqh, aqidah
   

2. 
   What are the elements not approved under Islam?
   

1. 
   Riba, gharar, maysir, ihtikar, ghish, producing and trading in “Haram” goods
   
2. 
   Riba, gharar, maysir, ihtikar, qiyas, sukuk
   
3. 
   Riba, gharar, maysir, ihtikar, producing and trading in “Haram” goods
   
4. 
   maysir, ihtikar, ghish, producing and trading in “Haram” goods, maslahah
   

3. 
   What is Riba al-Qurudh?
   

1. 
   That is created from loans i.e the borrower pays the loan plus interest
   
2. 
   That is created from trade. The Prophet (pbuh) has classified type of good which being considered as ribawi goods
   
3. 
   It refers to the sale of probable item whose existence or characteristics are not certain.
   
4. 
   uncertainty which is so great that it becomes unacceptable
   

4. 
   Which type of Riba is described in this transaction? “A trader sold his product for a specific deferred payment period. If the buyer failed to pay within that period, the period was extended by increasing the selling price or debt amount.”
   

1. 
   Riba of debt
   
2. 
   Riba of trading
   
3. 
   Riba al-Bai’
   
4. 
   Riba of gharar
   

5. 
   What is gharar?
   

1. 
   It refers to the sale of probable item whose existence or characteristics are not certain.
   
2. 
   Exchange gold for gold, silver for silver, wheat for wheat, barley for barley, dates for dates, salt for salt, like for like, equal for equal, and hand to hand.
   
3. 
   The debtor borrowed a certain sum for a certain period according to the agreed terms, the debtor must pay back more than the capital sum or loan
   
4. 
   Literally means “to increase ; to grow up ; to exceed” and generally translated as “usury” or “interest”
   

6. 
   Which type of Islamic contract is set according to profit sharing?
   

1. 
   Mudarabah
   
2. 
   Musharakah
   
3. 
   Murabahah
   
4. 
   Tawarruq
   

7. 
   Who are the parties of contract in mudarabah?
   

1. 
   rabb al-mal / mudharib
   
2. 
   partners
   
3. 
   seller and buyer
   
4. 
   orderer / mustasni’
   

8. 
   What is Musharakah?
   

1. 
   refers to a partnership arrangement between two parties or more to finance a business venture whereby both parties contribute capital either in the form of cash or in-kind for the purpose of financing the business venture.
   
2. 
   refers to a contract made by two (2) parties to finance a business venture.
   
3. 
   is a type of contract, which is considered as a form of sale
   
4. 
   refers to manfaah (usufruct/benefit) type of contract whereby a lessor (owner) leases out an asset or an equipment to a client at an agreed rental fee and pre-determined lease period upon the aqad’ (contract).
   

9. 
   Who are the parties in ijarah contract?
   

1. 
   lessor and lessee
   
2. 
   rabb al-mal / mudharib
   
3. 
   partners
   
4. 
   seller and buyer
   

10. 
    What are the actions, sayings,behavior&tacit approvals of Prophet Muhammad(p.b.u.h) under variety of circumstances in life?
    

1. 
   Sunnah
   
2. 
   Ijma’
   
3. 
   Qiyas
   
4. 
   sukuk