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Q1. a) If a customer goes for car financing in Islamic Bank, explain the steps of how Bank will execute Ijara? Discuss the basic rules

Q1.

a) If a customer goes for car financing in Islamic Bank, explain the steps of how Bank will execute Ijara? Discuss the basic rules of this product?

b) Why Murabaha is called Border Line Transaction? Explain how Islamic Bank use Murabaha for Sharia Compliant Financing?

c) Why conventional Insurance is Non-Sharia-Compliant? Differentiate Takaful with Conventional Insurance?

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