ISL332
The process whereby one retains a property while distributing it’s proceeds or return
Waqf
The type of Endowment in which the first benefits go to a charitable cause even if only for a limited time period is
Familial Endowment
The Prophet (SAW) himself was involved actively in trade and business from Makkah to
Sham
How many types of commercial transactions existed during the pre-Islamic period
Two
The two types of Endowment (Waqf ) are
Charitable and Familial Endowment
A Muslim must always be ___________ in all his dealings
Honest
A bequest must not be more than
One third
The Arabic Equivalent of the word ‘Contract is
Aqd
Ways in which offer and acceptance can be made are
Verbally, written and through a messenger
The demand or command to perform certain acts or disposition after the death of one is
Bequest
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