The non refundable down payment or deposit paid by a buyer for the right to purchase in future is called:

Related MCQs

• The fine paid by a person for having committed an act prohibited by Allah is called:
• A payment or compensation such as commission, fees or wages charged for services is called:
• A sales contract in which delivery of both the commodity and the payment is deferred is called :
• Advance payment in Islamic Economics is termed as.
• The highest Muslim populated non-Islamic country is :
• The non-obligatory charity in Islam known as:
• Capitalism prefers the absolute right of:
• The Jurist who could interprets the sources of Islamic law is called:
• Bargain on the price of goods is called:
• The contract in which all the partners contribute capital is called: