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An XY Islamic bank faced a Shariah concern about its NEW Murabaha product for mortgage financing. To mitigate the reputation risk that the bank might

An XY Islamic bank faced a Shariah concern about its NEW Murabaha product for mortgage financing. To mitigate the reputation risk that the bank might face, The CEO of a Saudi bank asked the bank’s credit department to search for Shariah resolutions (fatwa).

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As an expert in Islamic finance, discuss options to rectify the product using different Shariah resolutions available to the bank.

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