CONTENTS 1. BACKGROUND: 1 2. CONTRACT: 1 2.1 VALID CONTRACT: 2 2.2 VOID CONTRACT: 2 2.3 VOIDABLE CONTRACT: 2 3. SALES CONTRACT: 3 3.1 SUBJECT MATTER (MAL): 3 3.2 CLASSIFICATION OF MAL: 4 3.3 CONDITIONS OF VALIDITY OF SALE: 4 3.4 PROHIBITED SALES: 7 3.5 KINDS OF SALE TRANSACTIONS: 10 3.5.1 BAY AL MUQAYADAH: 11 3.5.2 BAY AL MUTLAQ: 11 3.5.3 BAY AL SARF: 12 3.5.4 SALAM CONTRACT: 13 3.5.5 ISTISNA 16 3.5.6 MURABAHAH 19 3.5.7 BAY’AL-MUAJJAL 22 4
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Curled Metal Incorporated has declining sales‚ but has developed a new product (curled metal pile driver pads) that‚ in field tests‚ deliver customer benefits that are many times CMI’s manufacturing costs. Joseph Fernandez and Rajiv Sanwal of CMI’s Engineered Products Division are responsible for formulating a strategy for the new product. A key issue is the price to charge for the pads. The case raises issues of analyzing market potential‚ aligning price with business strategy‚ and the implications
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Memo To: Ray Gritsch From: Frederick Paige CC: Piper Industries Corporation Date: Feb 1‚ 2015 Re: Ray Gritsch Our Project Management Team has assessed the three projects that Piper Industries Corporation has proposed. Our project management team has made the following recommendations based on the available facts and projects given. Project Keys: Key 1: Project to be completed no later than 12 months Key 2: Project must meet budget restrictions Key 3: Project must generate acceptable revenue Deliverables:
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No witchcraft for sale Doris May Lessing (22.10.1919-17.11.2013.) She was a British writer‚ born in Iran. In 1925 the family moved to a farm in the British colony area of Africa. In the story “No witchcraft for sale” Lessing tells about a relationship between the Farquars‚ a Christian family and their servant Gideon‚ in a colonized Zimbabwe‚ and the native secrets‚ that no power can buy. The story is written with a 3rd person narrator with an omniscient point of view‚ where the happenings are
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Kelly Services 999 West Big Beaver Road Troy‚ Michigan (USA) 48084-4782 (248) 362-4444 April 6‚ 2013 Ford Motor Company Customer Relationship Center P.O. Box 6248 Dearborn‚ MI 48126 Dear Ford Motor Company: Here at Kelly Services‚ we believe in making your company the best company possible. Together we can accomplish this by forming relationships‚ not transactions. Our number one goal is to provide the world’s best staffing solutions. We are a global fortune 500 company and we work
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Looze CPA Memo To: Ken and Tina Close From: Gena Schwegel-Looze cc: Joetta Malone Acc/ 547 Taxation Date: March 24‚ 2014 Re: Week 1 Individual Assignment: Memo to Client In this memo one will include a summary of the facts‚ including the names‚ ages‚ educational background‚ and income status for Mr. and Mrs. Close and their two dependents. Looze CPA will also discuss two of the Close’s goals and concerns. This memo will also summarize the findings and key elements of the personal
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Blood for Sale Case Study Blood for Sale Ethics Phil-245 I found the article called Blood for Sale very intriguing. Many questions arose from this on my mind. The most obvious is‚ how ethical is it to sell blood to people who need it? The other issue that bothered me is‚ how ethical is it to underpay and overcharge for that blood? My initial reaction to this was complete disbelief. I found it hard to understand how anyone could do some of the things mentioned until I reread the article
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PUPPIES FOR SALE A store owner was tacking a sign above his door that read “Puppies For Sale.” Signs like that have a way of attracting small children‚ and sure enough‚ a little boy appeared under the store owner’s sign. “How much are you going to sell the puppies for?” he asked. The store owner replied‚ “Anywhere from $30 to $50.” The little boy reached in his pocket and pulled out some change. “I have $2.37‚” he said. “Can I please look at them?” The store owner smiled and whistled and out of
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|Sound Investment‚ Inc.| Memo To: Brian Little‚ President/CEO of Durable Home Goods From: ‚ President/CEO Sound Investment‚ Inc. Date: 6/25/2011 Re: Durable Home Goods Brian‚ Attached you will find my analysis of Durable Home Goods (DHG) for fiscal year 11 and my insights on some of your strengths‚ weaknesses‚ and opportunities to drive topline sales in 2012. Current Ratio The current ratio is an indication of a company’s ability to pay current liabilities with current assets. The formula
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communications in regards to the issues pertaining to your company’s questionable reaffirmation practices. This memo contains various strategies directed at a diverse array of stakeholders. | Memorandum To: Mr. Arthur Martinez (Chairman and Chief Executive Officer) From: Douglas Puckett (External management consultant) Date: [ 6/19/2013 ] Re: Communication Strategy Memo Confidential The bulk of the issues as I understand them are finding a manner to properly address the practice your
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