Question: Please help ! Justify_your answer Each carries 1 mark. 1. Murabahah financing is debt based financing widely used for house and motor vehicle financing by
Justify_your answer Each carries 1 mark. 1. Murabahah financing is debt based financing widely used for house and motor vehicle financing by Islamic banks. ( ) 2. Murabahah to the Purchase Orderer is where it involves three parties, namely, the purchase orderer, the purchaser and the seller ( ) 3. bai' bithaman ajil or bay' al-muajjal. It is basically a trade-deal in which the buyer allows the seller to pay the price of a commodity at a future date in lump sump or installments
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