A Construction Company Is Looking at a New Project,but Requires

question 50

Multiple Choice

A construction company is looking at a new project,but requires finance to pay for materials.They approach an Islamic bank who agree to buy the materials and resell it to the company on credit.What is this type of contract called?

• A)Takaful
• B)Musharakah
• C)Ijarah
• D)Murabahah

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Definitions:

Consumption Constellation

refers to a group of products and brands that a consumer uses to express and construct their identity.

Affluent Lifestyle

A way of living characterized by abundant wealth and resources, allowing for a higher standard of comfort, luxury, and leisure activities.

Personal Image Designer

A professional who advises individuals on their appearance, style, and public image to enhance personal or professional branding.

Materialism

The importance placed on material possessions, wealth, and physical goods as a basis for happiness and social status.