Question
2) Mr. Salman has lost his car but he has contacts in Police and other law enforcement agencies. He is highly confident that he will
2) Mr. Salman has lost his car but he has contacts in Police and other law enforcement agencies. He is highly confident that he will recover his car within a week time. Since Mr. Salman is confident to get the possession of his car, therefore he has entered a Sale Agreement with Mr. Umar for sale of his Car to him. 3) Mr. Bilal has purchased a washing machine from Electronics Hub Inc. on installment basis for 6 months. However, it was also agreed at the time of sale that if Mr. Bilal pays the price before 6 months than the sale price will be decreased
Subject: Islamic Banking and Finance
As a student of Islamic banking and finance, how do you evaluate below cases and, provide Shariah rulings whether these are Shariah compliant or not with valid reasoning/justification not more than 3 lines.
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