Assignment
Short Answer questions
Answer only 2 Qucstions with not less than 50 words.
1. Expain the difference between Jaiz and Lazim contracts.
2. Discuss the difference between Mudaraba and Musharaka in terms of profit, loses and management.
3. Discuss Musharaka Mutanaqisa/ diminishing Musharakah.
4. What is Legal Capacity in a Contract?
5. Name the major four components of the Islamic banking and finance industry.
6. List the names of the Unilateral Supporting contracts.
7. What is the meaning of fungible and usufruct? Discuss.