Which of the following statements is true? a. Murabaha, an equity instrument, is a sales contract in

Question:

Which of the following statements is true?

a. Murabaha, an equity instrument, is a sales contract in which the asset is sold by the bank to the customer at costplus-

profit.

b. Salam is a forward contract where a sale of an item is made before it is produced.

c. Musharakah is a rental lease agreement (like an operating lease agreement in a conventional mode of finance) made for a pre-set price and period.

d. Istisna’a is an equity instrument where a futures contract is made for the sale of an item before it is manufactured/constructed.

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