Neco 2017 Islamic Religious Studies Question 41
Practice objective / multiple choice question 41 from the 2017 Neco Islamic Religious Studies examination.
An emerging financial product called "profit‑sharing bond" is not mentioned explicitly in the Qur'an or the Sunnah. No consensus (ijma‘) of scholars exists yet on its permissibility. A group of scholars therefore apply analogy (qiyās) based on the existing contract of mudarabah, which is permitted. According to the hierarchy of sources of Shariah, which source provides the primary legal basis for the ruling on this product?
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About This Question
This is Neco 2017 Islamic Religious Studies Question 41. It is one of the objective questions from the 2017 Neco Islamic Religious Studies examination.
Difficulty level: Medium .
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