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1. Explain the concepts of Murabaha and Musawama sale contracts. How these contracts are different from fixed interested based contract? Also list the steps of
1. Explain the concepts of Murabaha and Musawama sale contracts. How these contracts are different from fixed interested based contract? Also list the steps of Murabaha financing in an Islamic bank.
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Murabaha and Musawama are both Islamic finance concepts that adhere to Sharia principles which prohibit the charging or paying of interest riba Heres ...Get Instant Access to Expert-Tailored Solutions
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