Which salam contract is not widely accepted by the sharia

Assignment Help Financial Accounting
Reference no: EM132942765

Problem 1: Salam contract is not widely accepted by the sharia'a scholars in the modern Islamic finance due to the following elements, except

A. The difficulty in determining the possession versus ownership of the contracted items.
B. The presence of gharar (uncertainty).
C. The existence of some features of gambling
D. The absence of goods/services at the time of contract undertaken

Reference no: EM132942765

Questions Cloud

Compute for the adjusted accounts payable accounts payable : Compute for the adjusted accounts payable accounts payable on December 31, 2018. Trade accounts payable, including cost of goods received
Outline importance of accounting information in managerial : Outline importance of accounting information in managerial planning and decision making in organizations. Apply relevant cost analysis to alternative business
Which islamic banks in bahrain maintain in their books : Which Islamic banks in Bahrain maintain in their books parallel salam an parallel istisnaa' contracts? Because of bank's policies and procedures requirements
Which the basis for determining rental payment in an islamic : Which the basis for determining rental payment in an Islamic shatia'a Ijarah contract include? The type of the assets and its usufruct.
Which salam contract is not widely accepted by the sharia : Which Salam contract is not widely accepted by the sharia'a scholars in the modern Islamic finance due to the elements, except
What will be the adjusting journal entry amount : Sala is 80% certain that she will not leave the company in the next 5 years. What will be the adjusting journal entry amount
How much revenue should be recognized on february : How much revenue (franchise revenue, service revenue and sales revenue - machinery and equipment) should be recognized on February 4, 2020?
What is the chance that there will be a need : The average number of Saturday night shootings is 5 a night. What's the chance that there will be a need for exactly 3 shootings this Saturday
What should do for the owner asks to change : Historically, your company has calculated, The owner asks you to change the method of estimating bad debts to a flat 3% of receivables. What should you do?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare a properly classified balance sheet

On December 31, 2010, the Stevens Company bookkeeper prepared the following erroneously classified balance sheet:

  Why is common that firms with higher return on net operating

Why is common that firms with higher return on net operating assets (RONA) also have negative free cash flows. Also explain why such firms

  What is the company unlevered cost of equity

What is the company's unlevered cost of equity? The firm's weighted average cost of capital is [(8.5+3+4)]% and its pretax cost

  What are the trade-offs with the use of debt

What are the trade-offs with the use of debt? What are organizations doing to streamline the costs without compromising the quality of the delivery of health care services?

  What is the current price of this bond

Formally, your Bloomberg screen is quoting a YTM of 20.00%. Assume a face value of $1,000 throughout. What is the current price of this bond

  Compute straight-line depreciation at the end of one year

Compute straight-line depreciation at the end of one year, assuming an estimated 10-year useful life and a $15,000 estimated residual value.

  Prepare the cash flows from the operating activities

Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method

  How the debt ratio is used

How the debt ratio is used? To assess the risk associated with a company's use of liabilities. / To assess market expectations for future growth.

  Account balances

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

  What should flynn record as a net deferred tax asset

What should Flynn record as a net deferred tax asset or liability for the year ended December 31, 2004, assuming that the enacted tax rates

  Which is a true statement about closing the books of company

Which is a true statement about closing the books of a company? Revenues and expenses are closed to the Income Summary account

  How represents the profits to date that has been kept

How represents the profits to date that has been kept by the corporation for the purpose of reinvestment. Investors usually prefer common stocks. true or false?

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