Explain the validity of transaction according to islam

Assignment Help Business Management
Reference no: EM132921622

Amanda wanted to buy a silver necklace that costs RM550. She asked a personal shopper to buy it for her. The personal shopper asked for a deposit of RM200 before proceeding to buy the necklace and Amanda paid the deposit on 31 March 2020. One day after receiving the deposit, the personal shopper made her way to a jewellery shop and bought the necklace with the price of RM550. Amanda paid the balance of RM350 after she received a text message from the personal shopper saying that the necklace was bought. Explain the validity of this transaction according to Islam with THREE (3) reasons.

Reference no: EM132921622

Questions Cloud

Define research ethics : How would you define research ethics and to what extent do you agree that ethical approval should be mandatory before undertaking any social research?
Why is a sports coach a good leader : Why is a sports coach a good leader? What are their strengths as a leader? What makes them an effective leader? Explain Rational
What is the optimal order quantity : 1. The Big Swim King Denver distribution center maintains an inventory of Styrofoam kick-boards. They want to manage their inventory and have kept track of the
What is the maximum initial cost of sommer inc : Sommer, Inc., is considering a project that will result in initial after tax cash savings of $1.76 million at the end of the first year, and these savings will
Explain the validity of transaction according to islam : Amanda wanted to buy a silver necklace that costs RM550. She asked a personal shopper to buy it for her. The personal shopper asked for a deposit of RM200 befor
What is the probability of getting a full house : From a standard deck of cards, each player is given a 5-cards poker hand. What is the probability of getting a full house?
What is the effect of the withdrawal of ravin offer : Ravin offered to construct the house of Sophia for a very reasonable price of P900,000.00, giving the latter 10 days within which to accept or reject the offer.
Why would employers value volunteerism in a candidate : 1. From an ethical perspective, why is it important to volunteer and do random acts of kindness?
What are three types of corporate giving : What are three types of corporate giving? What are some things companies can do to ensure maximum strategic benefit from their corporate giving programs?

Reviews

Write a Review

Business Management Questions & Answers

  Engineering applications and sustainability development

Discuss the best takeaways from Engineering applications and Sustainability development course. What did you learn about sustainability that will help you.

  Connect first and second checked bags

Southwest Airlines begins a "Bags Fly Free" campaign, charging no fees for the connect first and second checked bags. Does this situation best represent produce

  Implementing recent technology with respect

Discuss the limitations and challenges while implementing recent technology with respect to traditional business methodologies.in Flipkart organization?

  Similarities and differences of leadership and management

What are some similarities and differences of leadership and management as outlined in the Future of Leadership in the Workplace?

  Culture or work or life habits of employees

What leadership theory or leadership style would describe a leader that influences the culture or work or life habits of employees through his or her personal

  Poor manager and the converse

Describe how a person might be a good leader but a poor manager and the converse, how a person might be a good manager but a poor leader.

  Discuss the employment and unemployment trends

Identify and discuss the level of Corruption of Government and Business of both India and Brazil?

  Strategy and performance management at dsm

Read the case study titled "Strategy and Performance Management at DSM" located in the XanEdu case pack (Link Below)

  Complexity of the revenue cycle in health care

1. What is meant by the term, "the revenue cycle"? 2. What factors contribute to the complexity of the revenue cycle in health care?

  Emotional intelligence is the sine qua non of leadership

Intelligence Quotient (IQ) and technical skills are important in leadership, but emotional intelligence is the sine qua non of leadership.

  Important information about project communication

important information about project communication planexplain what will happen if you do not develop a formal

  What is weighted average cost of capital

What is the cost of equity using the CAPM? What is the cost of debt using Book Valuation? What is the weighted Average Cost of Capital (WACC)?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd