AAOIFI Shari’ah Standard No. 9 “Ijarah & Ijarah Muntahia Bittamleek”. Dr. Ahmad Asad
Quiz by Ahmad Asad
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- Q1
Ijarah contract is concluded for a(n) __________ owned by the ___________.
Liability, lessor
Asset, lessor
Asset, lessee
Liability, lessee
45s - Q2
The lessee of an asset may enter into a ____________ contract with a party other than the owner.
Sub-lease
None of the mentioned
Both Sub-lease & Lease
Lease
45s - Q3
Ijarah contract may be executed for the same asset for ___________ period(s) for ____________lessee(s).
Different, several
Different ,a single
The same, a single
The same, several
45s - Q4
The__________ has to accept responsibility for any defects impairing the use ofleased asset.
None of the mentioned
Lessor
Lessee
Both Lessor & Lessee
45s - Q5
If the leased asset is impaired as a result of the lessee’s misconduct, the __________is obliged for repair.
Both Lessor & Lessee
Lessee
Lessor
None of the mentioned
45s - Q6
The amendment of future rentals is permissible if ______________.
Both the parties agree
Only lessee agrees
Neither party agrees
Only lessor agrees
45s - Q7
The lessor is not allowed to ____________ the rental due in case the lessee delays the payment.
Increase
Decrease
Keep constant
None of the mentioned
45s - Q8
An Ijarah contract may be executed for an asset even the asset is not owned by the lessor.
truefalseTrue or False45s - Q9
The lease contract is not a binding contract; either party can terminate it.
falsetrueTrue or False45s