How can islamic bank fulfil your need

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a. 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.

b. You need to buy 5000 automobile tyres of various sizes from an official outlet of General Tyre Company located in Pakistan. For that, you approach an Islamic bank for a financing of Rs. 2.5 Million. How Islamic bank will fulfil your financing need? Explain the transaction flow.

c. You own a food chain of "Meet the Burgers". You already have 10 outlets available in Karachi. Now, you are interested in to open your first ever outlet in Islamabad. However, you do not have finances available. Therefore, you approach an Islamic bank to finance you required financing of Rs. 7 Million. How can Islamic bank fulfil your need? Explain the transaction flow.

Reference no: EM133020651

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