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Aerocon group of companies purchased a production plant from Emaan Bank Pakistan on a cost plus markup price of PKR 10, 00,000 for a deferred
- Aerocon group of companies purchased a production plant from Emaan Bank Pakistan on a cost plus markup price of PKR 10, 00,000 for a deferred payment of 5 years. This was later adjusted by the bank to 11, 00,000 based on the floating rate concept. Rectify whether this transaction is Shariah complaint. If no, discuss the reason.
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