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Potential shariah non-compliance events

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Mr Lim is a business owner which sells alcoholic drinks. He obtains murabahah financing from Islamic Bank Malaysia Berhad to purchase a van for his company. He signed a Murabahah Vehicle Financing Agreement at the bank's office without filling up details related to the vehicle and its selling price. Explain TWO (2) potential Shariah non-compliance events which could occur in this financing arrangement and actions that can be taken to avoid the potential Shariah non-compliance events.

Reference no: EM132999432

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