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Given the information below: Purpose of Financing : To buy a piece of land and then build a shopping mall which will be sold to
Given the information below:
- Purpose of Financing: To buy a piece of land and then build a shopping mall which will be sold to Investment Company Bhd
- Purchase Price of Land: RM500,000
- Selling price of completed mall: RM10,000,000
- Construction cost: RM8,000,000
What is applicable Islamic contract for this financing?
Explain the role of each contracting parties.
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
