Neco 2020 Islamic Religious Studies Question 8

Practice essay / theory question 8 from the 2020 Neco Islamic Religious Studies examination. This question covers Islamic principles on fraud (ghish) and deception, Prohibition of riba (usury), Punishments for commercial misconduct, Remedial measures in Islamic commercial law .

Neco 2020 Islamic Religious Studies Essay / Theory
Topics: Islamic principles on fraud (ghish) and deception Prohibition of riba (usury) Punishments for commercial misconduct Remedial measures in Islamic commercial law
Question 8 NECO • 2020 • ISLAMIC_RELIGIOUS_STUDIES • essay

In a market in Lagos, a merchant named Bilal sells a batch of used electronic devices to a customer, Hassan. Bilal knows that many of the devices are defective and will malfunction within a short period, yet he does not disclose this information and sells them at the full market price. Additionally, Bilal offers Hassan a loan of ₦200,000 at an interest rate of 15 % per annum to purchase the devices, which Hassan accepts. After three months, the devices begin to fail, and Hassan is unable to repay the loan on time. Answer the following.

Question Parts

( a )
Identify and explain the Islamic legal principles that govern (i) fraud or deception in trade and (ii) the prohibition of riba in financial transactions.
( b )
Determine the categories of punishment (hudud, qisas, tazir) that may apply to Bilal for each of his wrongful acts, providing the reasoning for each category.
( c )
Suggest appropriate remedial measures that an Islamic court could order Bilal to take in order to rectify the harm caused to Hassan.
( d )
Analyse whether Bilal’s actions constitute a breach of contract under Islamic commercial law and, if so, specify the type of restitution required.

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About This Question

This is Neco 2020 Islamic Religious Studies Question 8. It is one of the essay questions from the 2020 Neco Islamic Religious Studies examination.

The question covers Islamic principles on fraud (ghish) and deception, Prohibition of riba (usury), Punishments for commercial misconduct, Remedial measures in Islamic commercial law .

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