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Mustafa wants a financing of a washing machine which cost PKR 70,000. He went to Alfalah Islamic and requested for 4 months financing. Penetrating market
Mustafa wants a financing of a washing machine which cost PKR 70,000. He went to Alfalah Islamic and requested for 4 months financing. Penetrating market rate is 15%. a) Which mode of financing will be used? b) Write down the shariah principles of that mode. c) List down the steps of execution by Islamic Banks.
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