Islamic Finance Quiz: Is this transaction Halal or Haram?

Fri, Feb 20, 2015

Investment

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If you have been reading my blog post, you will have known that I am a financial consultant who specialises in Islamic Finance in Singapore, and have been actively recruiting financial consultants, to assist me in the promotion of cooperative insurance and shariah compliant fund in Singapore.

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Alhamdulillah…. A lot of you, have contacted me. I have 5 mentees taking exams now, to join me as a financial consultant and many more visitors from my blog who express their interest to support Islamic Finance in Singapore by subscribing our shariah compliant financial instrument.

I will love to interact with more of you out there, readers of my blog, thus I will like to throw a short quiz. This quiz will test you on your understanding of fundamentals of Islamic Finance in the most practical sense. You can email me your answers at helmihakim@hotmail.com and I will revert you with your results.

(Don’t worry if you are unsure of the answers. Just give it a try!) Insya’Allah…  🙂

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1) Ahmad changes $SGD 100 to RM$250 on the spot with a money changer at Raffles Place shopping centre. Is the transaction

Halal or Haram?

 

2) Salim buys 5 gram of gold online at $150, paying immediately via bank transfer and collect it from the seller, 1 week later. Is the transaction

Halal or Haram?

 

3) Ramli went to his friend, Muthusamy Mamashop to buy 2kg of dates for break fast in the month of Ramadan. He promises to pay $20 on the 1st day of Shawal. Is the transaction

Halal or Haram?

 

4) Yusof went to the car dealer at Commonwealth and test drive some second hand cars. He got interested with Honda Civic Hybrid and immediately paid $20,000 cash. Nevertheless, he collects the car 7 days later, after settling season parking application with HDB.
Is the transaction

Halal or Haram?

 

5) Idris owns a Samsung handphone. His brother owns an Iphone 5. They decided to exchange phone as Idris is an Apple fan whereas his brother is a Samsung fan. Is the transaction

Halal or Haram?

 

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 Email me your answers at helmihakim@hotmail.com or whatsapp me your answers to 96520134 (if you are lazy…hahahah)and I will revert you with your results! Look forward to hear from you soon! 🙂

 

p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…

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This post was written by:

- who has written 276 posts on The Official Helmi Hakim Website.

A certified financial consultant, Helmi Hakim has won praise for his patience, perseverance and practicality when solving his clients' financial concerns. For more information on how you can manage your finances better, contact Helmi Hakim at 96520134.

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