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Evaluate the Shariah issues that may trigger in the event that BNM and/or AAOIFI Shariah standards are not complied with. a. Para 5/3 of the

Evaluate the Shariah issues that may trigger in the event that BNM and/or AAOIFI Shariah standards are not complied with.

a. Para 5/3 of the AAOIFI Shariah Standard No. 12 on Sharikah reads: It is not permitted to stipulate that one partner should bear all the cost of insurance or maintenance on the ground that he will eventually own the subject matter of the partnership. What is the Shariah ruling if there is such stipulation?

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