INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Qardhul Hassan
|
|
|
Hibah
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -Qard hasan can be seen as something between giving charity and giving a loan. A borrower may as a token of appreciation choose to pay an extra amount to the lender, which is over the amount they borrowed. They must not promise to do so.
Detailed explanation-2: -Qardh al Hasan on Islamic banking is one of the instruments of the contract Tabarru ‘. Tabarru ‘ contract are all sorts of agreements relating to non-profit transaction . So in essence, Qardh al Hasan is not intended for commercial profit for banks or institutions that use this product.
Detailed explanation-3: -Qard Hasan (Interest Free Loan) Issue The evidence from Quran is regarded as the basis for permissibility of Qard in Surah al-Baqarah verse 245. In takaful practises, the issue occurs when the sum of claims exceed the contributions.
Detailed explanation-4: -Qard is a loan in which money is given to a person on the condition that this person returns it without taking any kind of increase on it. This type of loan is in contrast to the interest-based loan that includes a specific increase called Riba.