Question: To classify a joint arrangement as either a joint operation or a joint venture, the Islamic bank should consider: a. Structure and legal form of

To classify a joint arrangement as either a joint operation or a joint venture, the Islamic bank should consider:

a. Structure and legal form of any separate vehicle

b. Expenses, including its share of any expenses incurred jointly

c. Assets, including its share of any assets held jointly

d. Liabilities, including its share of any liabilities incurred jointly

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