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You have a residential plot costing Rs. 10 Million, you approach an Islamic bank to avail a financing of Rs. 5 Million to construct a

  1. You have a residential plot costing Rs. 10 Million, you approach an Islamic bank to avail a financing of Rs. 5 Million to construct a house on your plot. How Islamic bank will fulfil your financing need? Explain the transaction flow.
  2. You own a factory of western and eastern garments. You need a financing of Rs. 0.5 Million to buy a weaving machine. How can Islamic bank fulfil your need? Explain the transaction flow.

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