Question
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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Deflation Current And Historical Perspectives
Authors: Richard C. K. Burdekin, Pierre L. Siklos
1st Edition
0521837995,0511227671
