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Several Islamic financial institutions (including Malaysia) are offering Islamic credit card to their customers based on these three concepts; (1 ) Bai inah and Wadiah

  1. Several Islamic financial institutions (including Malaysia) are offering Islamic credit card to their customers based on these three concepts; (1) Bai inah and Wadiah, (2) Ujrah and (3) Wakalah and Kafalah. Explain clearly for each concept how it being applied in operating the Islamic credit card. (8 marks)

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