Fiqh MCQs

Transactions and Contracts MCQs with Answer

The following are Transactions and Contracts MCQs with answers related to Islamic Studies. We have arranged the most important and repeated MCQs in all the competitive examinations. The students can clear their concepts for Transactions and Contracts MCQs online quiz by attempting these.

Transactions and Contracts Online MCQs with Answers

Which term refers to a contract of partnership in Islamic commercial law?
A) Murabahah
B) Musharakah
C) Ijarah
D) Salam

Answer
B) Musharakah

What is the Islamic term for a sale contract involving deferred payment?
A) Murabahah
B) Salam
C) Istisna
D) Ijarah

Answer
A) Murabahah

Which type of contract involves a unilateral promise to buy or sell at a future date?
A) Ijarah
B) Istisna
C) Salam
D) Musawamah

Answer
C) Salam

What is the term for a contract of leasing in Islamic commercial law?
A) Istisna
B) Murabahah
C) Ijarah
D) Musawamah

Answer
C) Ijarah

Which term refers to a contract of sale with immediate payment and delivery?
A) Istisna
B) Ijarah
C) Musawamah
D) Salam

Answer
C) Musawamah

What is the concept of avoiding uncertainty and ambiguity in contracts?
A) Gharar
B) Ribah
C) Riba
D) Tawarruq

Answer
A) Gharar

Which type of contract involves buying an asset and selling it on a deferred payment basis?
A) Istisna
B) Salam
C) Murabahah
D) Ijarah

Answer
C) Murabahah

What is the term for the prohibition of charging or paying interest in Islamic finance?
A) Gharar
B) Riba
C) Tawarruq
D) Musharakah

Answer
B) Riba

Which term refers to a sale contract involving a specified order?
A) Murabahah
B) Salam
C) Istisna
D) Ijarah

Answer
C) Istisna

What is the term for a contract of sale where the seller reveals a hidden defect in the product?
A) Khulq al-Majlis
B) Khulq al-Mu’ayyan
C) Khulq al-Munajis
D) Khulq al-Murakkab

Answer
D) Khulq al-Murakkab

Which principle requires the exact specification of quantities and qualities in a contract?
A) Qimar
B) Gharar
C) Khulq al-Majlis
D) Khulq al-Mu’ayyan

Answer
D) Khulq al-Mu’ayyan

What is the term for a contract involving the sale of debt at a discount?
A) Salam
B) Tawarruq
C) Murabahah
D) Istisna

Answer
B) Tawarruq

Which principle emphasizes fair dealing, integrity, and transparency in transactions?
A) Riba
B) Tawarruq
C) Amanah
D) Qimar

Answer
C) Amanah

What is the term for the prohibition of gambling and games of chance?
A) Riba
B) Qimar
C) Gharar
D) Khulq al-Mu’ayyan

Answer
B) Qimar

Which principle refers to the prohibition of trading in unlawful or prohibited items?
A) Gharar
B) Riba
C) Khulq al-Majlis
D) Tawarruq

Answer
C) Khulq al-Majlis

What is the term for a unilateral promise to sell a specific product at a future date?
A) Salam
B) Murabahah
C) Istisna
D) Musawamah

Answer
A) Salam

Which concept refers to the prohibition of excessive uncertainty and ambiguity in contracts?
A) Riba
B) Gharar
C) Qimar
D) Amanah

Answer
B) Gharar

What is the term for the concept of trustworthiness and fulfillment of contracts in Islam?
A) Amanah
B) Qimar
C) Gharar
D) Khulq al-Mu’ayyan

Answer
A) Amanah

Which principle prohibits taking advantage of the financial distress of another party?
A) Gharar
B) Riba
C) Khulq al-Mu’ayyan
D) Tatbiq

Answer
D) Tatbiq

What is the term for the Islamic prohibition of any form of deception or fraud?
A) Gharar
B) Tatbiq
C) Tawarruq
D) Khulq al-Majlis

Answer
B) Tatbiq

Which type of contract involves the sale of goods with delayed delivery and payment?
A) Musawamah
B) Murabahah
C) Istisna
D) Salam

Answer
A) Musawamah

What is the term for a contract of sale involving a fixed price and immediate payment?
A) Salam
B) Musawamah
C) Istisna
D) Murabahah

Answer
B) Musawamah

Which principle refers to the prohibition of unjust enrichment in transactions?
A) Qimar
B) Gharar
C) Ijarah
D) Israf

Answer
D) Israf

What is the term for the contract of leasing where ownership is transferred at the end?
A) Ijarah
B) Musawamah
C) Istisna
D) Murabahah

Answer
A) Ijarah

Which concept encourages avoiding waste and extravagance in transactions?
A) Qimar
B) Israf
C) Gharar
D) Riba

Answer
B) Israf

What is the term for a contract involving the sale of specific goods for a deferred price?
A) Murabahah
B) Salam
C) Istisna
D) Musawamah

Answer
D) Musawamah

Which term refers to the prohibition of hoarding and withholding essential goods?
A) Riba
B) Tatbiq
C) Israf
D) Khulq al-Majlis

Answer
C) Israf

What is the term for the contract of sale involving immediate delivery and deferred payment?
A) Salam
B) Musawamah
C) Ijarah
D) Murabahah

Answer
D) Murabahah

Which principle emphasizes the prohibition of unjust enrichment and exploitation?
A) Riba
B) Amanah
C) Tatbiq
D) Qimar

Answer
B) Amanah

What is the term for a contract of sale involving a manufacturer and buyer?
A) Salam
B) Istisna
C) Ijarah
D) Murabahah

Answer
B) Istisna

Which concept refers to the prohibition of excessive risk and uncertainty in contracts?
A) Gharar
B) Riba
C) Tatbiq
D) Qimar

Answer
A) Gharar

What is the term for the contract of sale involving advance payment and deferred delivery?
A) Salam
B) Istisna
C) Ijarah
D) Murabahah

Answer
A) Salam

Which concept refers to the prohibition of any form of injustice and oppression?
A) Tatbiq
B) Israf
C) Adl
D) Amanah

Answer
C) Adl

What is the term for a contract of sale involving a manufacturer and end consumer?
A) Ijarah
B) Murabahah
C) Istisna
D) Musawamah

Answer
B) Murabahah

Which principle refers to the prohibition of using deceptive language in contracts?
A) Riba
B) Gharar
C) Khulq al-Munajis
D) Khulq al-Majlis

Answer
D) Khulq al-Majlis

What is the term for the principle of fairness and justice in financial transactions?
A) Amanah
B) Adl
C) Tatbiq
D) Israf

Answer
B) Adl

Which concept emphasizes the prohibition of deception and cheating in contracts?
A) Tatbiq
B) Khulq al-Majlis
C) Gharar
D) Amanah

Answer
A) Tatbiq

What is the term for the Islamic concept of “consensus of the meeting” in contracts?
A) Khulq al-Majlis
B) Tatbiq
C) Israf
D) Adl

Answer
A) Khulq al-Majlis

Which principle refers to the prohibition of using vague or misleading terms in contracts?
A) Khulq al-Majlis
B) Khulq al-Mu’ayyan
C) Tatbiq
D) Gharar

Answer
B) Khulq al-Mu’ayyan

What is the term for the Islamic principle of moderation and avoiding excess?
A) Adl
B) Amanah
C) Tatbiq
D) Israf

Answer
D) Israf

Which principle refers to the prohibition of extravagance and wastefulness?
A) Israf
B) Tatbiq
C) Adl
D) Gharar

Answer
A) Israf

What is the term for the principle of honesty and integrity in financial transactions?
A) Tatbiq
B) Amanah
C) Khulq al-Majlis
D) Israf

Answer
B) Amanah

Which concept emphasizes the prohibition of using ambiguous or unclear terms in contracts?
A) Khulq al-Majlis
B) Khulq al-Mu’ayyan
C) Tatbiq
D) Gharar

Answer
B) Khulq al-Mu’ayyan

What is the term for the principle of treating others with fairness and equity?
A) Tatbiq
B) Adl
C) Israf
D) Amanah

Answer
B) Adl

Which principle refers to the prohibition of using misleading statements in contracts?
A) Khulq al-Majlis
B) Tatbiq
C) Gharar
D) Amanah

Answer
B) Tatbiq

What is the term for the prohibition of transactions involving uncertainty or ambiguity?
A) Gharar
B) Qimar
C) Riba
D) Amanah

Answer
A) Gharar

Which principle refers to the prohibition of unjust enrichment through deception?
A) Riba
B) Gharar
C) Tatbiq
D) Adl

Answer
C) Tatbiq

What is the term for the prohibition of excessive risk and uncertainty in contracts?
A) Israf
B) Gharar
C) Qimar
D) Adl

Answer
B) Gharar

Which principle emphasizes honesty and truthfulness in financial transactions?
A) Tatbiq
B) Gharar
C) Amanah
D) Adl

Answer
C) Amanah

What is the term for the prohibition of charging or paying interest in financial transactions?
A) Riba
B) Qimar
C) Gharar
D) Adl

Answer
A) Riba

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button