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Explain five conditions for business zakat obligation

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Reference no: EM132994860

1. Explain what is Al-Bai Bithaman Ajil and how this contract is applied in nowadays Islamic Banking System.

2. Describe Ar-Rahnu and its application in the current economics system.

3. Explain five conditions for business zakat Obligation.

4. What are three important things that differentiate Islamic ethics and western ethics.

5. How individual can increase his/her individual image? Please discuss.

6. Discuss five important contracts in Islamic banking.

7. Discuss three elements that exist in conventional insurance contracts that are prohibited in Islam.

8. Discuss four aspects that differentiate Ar-Rahnu with conventional pawnshop.

Reference no: EM132994860

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