Question
b. A and B are two partners who have pooled their capital to start a profitable business and have decided following matters in their partnership
b. A and B are two partners who have pooled their capital to start a profitable business and have decided following matters in their partnership deed: i. A promised B that he will purchase the share of partner B based on Murabaha after the expiry of 2 years from the commencement of partnership. ii. A agreed with B that profit of first six month would be given to A and profit of next six month would be given to B and same arrangement would hold for second year as well.
Requirement: As an Islamic Banker, please identify breach of shariah guidelines in above scenarios, if any.
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