Buy custom summary of islamic financial product
Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
3 / 729 |
Essay's paper body
The pre-required purchase of the goods from the client before the al Murabahah contracts could be concluded between the client and the financier. The purchase price of the goods set on a reserve price of the actual cost and it will be decided on a very competitive basis. In order to ensure that all sales are successful, the transactions are underwritten...
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In order to ensure that all sales are successful, the transactions are underwritten. The facility need to be revolving in nature as the client would need to reuse the facility repeatedly.
Shariah Issues
However, several shariah issues need to be resolved in meeting the above requirement. First, how the contract to be structured since the utilization of the facility is for fixed period of time and with a series of redemptions and reutilization during the period...
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