Q1. You are the incharge of Financing at the branch of an Islamic Bank. A customer approaches you with a request for financing of purchasing a building for his Business. The business is yet to start and is a joint venture between the customer and two other partners. Upon his inquiry you told the customer that Islamic Banks would not give you loan on interest basis. However, the bank can finance the purchase of the building if the customer agrees to include the bank as a partner on a profit and loss sharing basis. The customer after consulting with his other partners informs you that the other partners are not in favour of having the bank as a permanent partner. Refer your knowledge and our discussions of the various Islamic financial Products (i.e Musharakah Mudarabah, Diminishing Musharakah and Murabahah), what product would you offer to the customer such that the financing is done while all the partners are also agree? Give reasons of your decision as well? (10 Marks) (Not more than one Page)

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