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Given below information: Purpose of Financing : To buy a completed office building Purchase Price : RM800,000 Margin of Financing : 80% Payment period :

Given below information:

  • Purpose of Financing : To buy a completed office building
  • Purchase Price : RM800,000
  • Margin of Financing : 80%
  • Payment period : 5 years

What is applicable Islamic contract for this financing?

Explain the role of each contracting parties.

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