16. Noor purchased 1,000 bags of sugar from Islamic Bank on credit. While transporting the bags to her factory, the sugar was destroyed by heavy rains. Choose the statement that correctly explains who bears the loss. 1. Noor bears the loss because she is the owner of the goods 2. Noor bears the loss because she was transporting the goods at the time of the rain 3. Islamic Bank bears the loss because it is the owner of the goods sold to Noor on credit 4. Islamic Bank bears the loss because the heavy rains were an act of God and nature, and there was no insurance in place to cover the loss of the goods