Which of the Following Describes Hiba

question 58

Multiple Choice

Which of the following describes Hiba?

• A)An asset-based investment where the investor owns an interest in an underlying asset in proportion to their investment
• B)An Islamic bank buys some form of durable asset and leases it to the customer for a rental payment based on a prearranged schedule
• C)An Islamic bank agrees to buy an asset and resell it to the customer on credit
• D)A gift given at the banks discretion

Evaluate the influence of classical Islamic law on the principles of liability.

Recognize the scope and limitations of agent authority in the context of contractual obligations.

Differentiate between special and general powers of attorney.

Understand the criteria courts use to determine liability in agency relationships, including factors considered in employee actions within the scope of employment.