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QUESTION 3 1. ABC Trading Sdn. Bhd. entered into hire-purchase agreement/al-ijarah thumma al-bay with one...

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Accounting

QUESTION 3

1. ABC Trading Sdn. Bhd. entered into hire-purchase agreement/al-ijarah thumma al-bay with one of Islamic Bank for the purchase of a special machinery to produce liquor from grapes. Discuss the validity of this contract under Common Law and Islamic Law perspectives. (10 marks)

2.Discuss the issues of formation of online contract, cite the latest case laws to support your answer. (10 marks)

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