Question: 1. Outline the key differences between conventional leasing and Islamic leasing. 2. How do insurance needs differ under conventional leasing and Islamic leasing? 3. What

1. Outline the key differences between conventional leasing and Islamic leasing.

2. How do insurance needs differ under conventional leasing and Islamic leasing?

3. What are the key Sharia'a requirements for the Ijara contract?

4. Calculate the monthly rental payments when buying a new car, costing Rs. 400,000, for a term of three years, if the potential purchaser is willing to pay a 30% security deposit.

5. Calculate the monthly rental payments when buying a new car, costing Rs. 500,000, for a term of five years, if the potential purchaser is willing to pay a 40% security deposit.

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