Quiz on Mudharabah

In which type of Mudharabah can the Mudarib do any profitable business according to market norms?

• A) Mudarabah

• B) Murabahah

• C) Al Mudharabah Al Mutlaqah

• D) Al Mudharabah Al Muqayyadah

How are assets of Mudarabah handled upon termination?

• A) Sold and distributed as loss

• B) Distributed among employees

• C) Sold and liquidated to determine actual profit

• D) Kept for future investments

What happens if the Mudarib wants to undertake an extraordinary work in Mudarabah Mutlaqah?

• A) He needs the consent of Rab-ul-Maal

• B) He can proceed without consent

• C) He must terminate the Mudarabah

• D) He needs to consult with a legal advisor

What happens if Mudarabah becomes void (Fasid)?

• A) Both parties share the profit equally

• B) Mudarib gets all the profit

• C) Rab-ul-Maal gets all the profit

• D) Profit is shared based on predetermined ratios

Who bears the loss in Musharakah?

• A) Both partners equally

• B) Only the Rab-ul-Maal

• C) Only the Mudarib

• D) The government

How can Mudarib draw his daily expenses in Mudarabah?

• A) Anytime, anywhere

• B) Only if he is in another city

• C) Only if he is in his own city

• D) He cannot draw daily expenses

In Mudharabah, what must the capital be at the time of the contract?

• A) Clearly specified and determined

• B) Uncertain and variable

• C) In commodity form

• D) None of the above

What is the role of Mudarib in Mudharabah?

• A) Provide investment

• B) Manage the business

• C) Bear losses

• D) None of the above

How is the profit distribution decided in Mudharabah?

• A) By the Mudarib only

• B) By the Rab-ul-Maal only

• C) By mutual consent of both parties

• D) By a Shariah court

What is Mudharabah?

• A) A form of partnership

• B) A type of loan

• C) A type of insurance

• D) A form of charity