Case Question:1 Mohammed needs money in order to buy a latest model car lorry. The cost of producing the car lorry is BHD 75000. His wife, Hessa, has savings up to BHD 20000 and needs additional financing of BHD 55000. Ahmed knows that he can always borrow from any bank in Bahrain but he wants a Shariah compliant financing. And he aware about the basic conditions for the validity of sale is that the commodity must be in existence, seller must own commodity and the seller must have physical possession of commodity and Mohamed is not aware about the exceptional product in Islamic Banking so Ahmed seeks your advice on a number of issues before he can make his decision on which financing best suit his needs i.e

1.Apprise any five reasons why conventional borrowing is not sharia compliant for Mohammed. Recommend at least two suitable Shariah compliant alternatives.

2.Organize the shariah compliant facts and design an Islamic financial product for mohammed which is suitable to the requirements given in the case