Neco 2022 Islamic Religious Studies Question 28

Practice objective / multiple choice question 28 from the 2022 Neco Islamic Religious Studies examination.

Neco 2022 Islamic Religious Studies Objective / Multiple Choice Medium Difficulty
Question 28 NECO • 2022 • ISLAMIC_RELIGIOUS_STUDIES • objective

A sales contract includes a clause that if the buyer delays payment beyond 30 days, the buyer must pay an additional 5% of the outstanding amount as penalty. Under Islamic commercial law, which principle determines the permissibility of this clause?

Answer Options

A. Riba al‑fadl (excessive exchange)
Correct Answer B. Riba al‑nasiʿah (interest on delayed payment)
C. Maysir (gambling prohibited in Islam)
D. Gharar (excessive uncertainty)
Correct Answer
B
Correct Option:
Riba al‑nasiʿah (interest on delayed payment)

About This Question

This is Neco 2022 Islamic Religious Studies Question 28. It is one of the objective questions from the 2022 Neco Islamic Religious Studies examination.

Difficulty level: Medium .

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