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FIQH FOR ECONOMISTS
ECON 3510 SECTION 02
GROUP ASSIGNMENT 2
PRESENTED TO:
DR. MUHAMMAD IRWAN BIN ARIFFIN
Group name: Tomatillo Matric No. Contribution
Ain Atiya Azmi bt Nazmi 1710222 20%
Shah Nur Aryana bt Shah Jahan 1713322 20%
Nor Aina Nashuha bt Mohamad Fikri 1718734 20%
Fatemeh Pilehrar 1311010 20%
Hossaein Md Faisal 1626161 20%
DATE: 15 May 2018
TIME: 8.15 pm
LOCATION: Aeon Big
PHONE TYPE: iPhone SE
NAME OF PHOTOGRAPHER: Aina Nashuha
Sale is a bilateral contract involving the buyer and the seller. Ijab and
qabul are normally expressed verbally using the present or past tense.
However in today's customs, actions also show consent. When the
customer pays for her purchases for a known total price, and the buyer
or the employee for the shopping mall accepts the money and then
issues a receipt, the whole actions are indicators of consent. There is
conformity of offer and acceptance as the price tag offered by the
shopping mall is equivalent to the amount of cash paid by the customer
and it is settled by cash. After the transaction is completed, there is an
exchange of ownership. The items which previously belonged to the
mall is now under legal possession of the customer.
DATE: 10th May 2018
TIME: 5 pm
LOCATION: KENMS
PHONE TYPE: iPhone 6
NAME OF PHOTOGRAPHER: Shah Nur Aryana
In this picture, there are two types of properties which are tangible
property and intangible property. Laptop and mobile phone are
examples of tangible property. This property can be measured reliably
and can easily convert into cash. There are various types of intangible
properties for these two items such as brand and trademark. The brand
for the laptop is Acer while the mobile phone is Apple. These two brands
are well-known in this world and they have their own trademarks. A
trademark can be a word, symbol or design that distinguishes the
sources of the good or services. When we buy the tangible items we
have ownership over them and can resell them whenever we want while
for the intangible items we can only enjoy the usufruct from them and
cannot duplicate them due to copyright.
DATE: 12th May 2018
TIME: 3 pm
LOCATION: Mahallah Nusaibah
PHONE TYPE: iPhone 6
NAME OF PHOTOGRAPHER: Ain Atiya Azmi
If we want to stay in mahallah room , we have to rent a room from the
mahallah office. After renting a room, we have gotten the permission to
stay in the room. It is a usufruct, an abstract and intangible benefit that
is derived from a certain usable property. We do not have any right to
sell the room or rent the room to another person. We also cannot do
extra decisions for example rearranging the furnitures. Mahallah office
only allows us to stay alone in our room. Our friends or parents are not
allowed to stay with us. Usufruct (rental benefit) cannot be physically
possessed as a whole but comes gradually from the corpus of a thing
(mahallah room) and disappears.

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Fiqh in Daily Life

  • 1. FIQH FOR ECONOMISTS ECON 3510 SECTION 02 GROUP ASSIGNMENT 2 PRESENTED TO: DR. MUHAMMAD IRWAN BIN ARIFFIN Group name: Tomatillo Matric No. Contribution Ain Atiya Azmi bt Nazmi 1710222 20% Shah Nur Aryana bt Shah Jahan 1713322 20% Nor Aina Nashuha bt Mohamad Fikri 1718734 20% Fatemeh Pilehrar 1311010 20% Hossaein Md Faisal 1626161 20%
  • 2. DATE: 15 May 2018 TIME: 8.15 pm LOCATION: Aeon Big PHONE TYPE: iPhone SE NAME OF PHOTOGRAPHER: Aina Nashuha Sale is a bilateral contract involving the buyer and the seller. Ijab and qabul are normally expressed verbally using the present or past tense. However in today's customs, actions also show consent. When the customer pays for her purchases for a known total price, and the buyer or the employee for the shopping mall accepts the money and then issues a receipt, the whole actions are indicators of consent. There is conformity of offer and acceptance as the price tag offered by the shopping mall is equivalent to the amount of cash paid by the customer and it is settled by cash. After the transaction is completed, there is an exchange of ownership. The items which previously belonged to the mall is now under legal possession of the customer.
  • 3. DATE: 10th May 2018 TIME: 5 pm LOCATION: KENMS PHONE TYPE: iPhone 6 NAME OF PHOTOGRAPHER: Shah Nur Aryana In this picture, there are two types of properties which are tangible property and intangible property. Laptop and mobile phone are examples of tangible property. This property can be measured reliably and can easily convert into cash. There are various types of intangible properties for these two items such as brand and trademark. The brand for the laptop is Acer while the mobile phone is Apple. These two brands are well-known in this world and they have their own trademarks. A trademark can be a word, symbol or design that distinguishes the sources of the good or services. When we buy the tangible items we have ownership over them and can resell them whenever we want while for the intangible items we can only enjoy the usufruct from them and cannot duplicate them due to copyright.
  • 4. DATE: 12th May 2018 TIME: 3 pm LOCATION: Mahallah Nusaibah PHONE TYPE: iPhone 6 NAME OF PHOTOGRAPHER: Ain Atiya Azmi If we want to stay in mahallah room , we have to rent a room from the mahallah office. After renting a room, we have gotten the permission to stay in the room. It is a usufruct, an abstract and intangible benefit that is derived from a certain usable property. We do not have any right to sell the room or rent the room to another person. We also cannot do extra decisions for example rearranging the furnitures. Mahallah office only allows us to stay alone in our room. Our friends or parents are not allowed to stay with us. Usufruct (rental benefit) cannot be physically possessed as a whole but comes gradually from the corpus of a thing (mahallah room) and disappears.