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1 Murustacturer wants to buy S100,000 worth of wood but doesn't have enough funds. The manufacturer approaches the bank and signs an agreement to purchase

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1 Murustacturer wants to buy S100,000 worth of wood but doesn't have enough funds. The manufacturer approaches the bank and signs an agreement to purchase the wood from the tank at cost ($100,000) plus profit (maybe 20 percent of the contract amount or $20,000) The manufacturer is liable to pay the bank $120.000 after the bank delivers the goods. Both parties know the profit and the cost of the product at the onset; there's no financial uncertainty in the transaction. Analyze the above said example is meeting all the necessary requirements of Murabaha contract and categorize the three different phases of murabaha with relevant example

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