REVISION IMU503

Salam as the purchase of commodity for ________ in exchange for _______

• contractual agreement, delay payment

• deferred delivery, immediate payment

• deferred payment, immediate delivery

• purchase, future date payment

Four differences between Istisna’ and Salam?

Illustrate and elaborate modus operandi of bai istisna'

Illustrate and elaborate modus operandi of bai al-salam

Illustrate and elaborate modus operandi of musyarakah mutanaqisah

Illustrate and elaborate application of al-kafalah contract in Islamic banking

THREE differences between al-Rahn and conventional pawn?

Pillars of al-hiwalah, EXCEPT:

• AL-MUHAL

• AL-MUHIL

• SIGHAH

• AL-KAFIL

Illustrate and elaborate modus operandi of wadiah yad dhamanah

Types of wadi’ah can be divided into two categories: