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Final Exam IBF_Mon0630_Main Lajpat Rai 46480.docx -...

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FinalExam Spring-2021Department of Business AdministrationName : Lajpat RaiReg No : 46480Subject: Islamic Banking and FinanceSubmission Day:SundayInstructor: Dr. Ameenullah Aman / Muhammad RizwanullahSubmission Date: 30thMayProgram: BBA (H)Max. Marks: 40Please follow the instructions carefully:Write your answers directly on the Black Board (recommended) or upload word file before thedue date on Blackboard.Write your name and registration ID on the first page of your Word file.Answer scripts can only be uploaded onBlackboardonly during the submission time.To avoid any unforeseen problems, you are advisedto follow the Guide lines communicated bythe Faculty Members.Submission of answer copy(ies) will be considered acceptable through Blackboard only.Therefore, do not submit your document through email or any other medium.Use 12 pt. font size and Times New Roman font style along with 1-inch page margins.Follow the requirements of the word limit and the marking criteria while writing your answers.Provide relevant, original and conceptual answers, as this exam aims to test your ability toexamine, explain, modify or develop concepts discussed in class.Do not copy answers from the internet or other sources. The plagiarism of your answers may bechecked through Turnitin.Double check your word file before uploading it on BlackBoard to ensure that you haveuploaded the correct file with your answers.All questions to be answered.Question No 140 MarksAnswer the following questions with examples:
1 Describe the execution of ‘Diminishing Musharka’ in Islamic banks. Also discuss thebasic rules of this product?Answer :Diminishing Musharakah :Diminishing Musharakah is a type of association, which closes with the total responsibility foraccomplice who buys the portion of another accomplice in that task by a reclaiming componentconcurred between the two of them. Lessening Musharakah is utilized for the most part whenone gathering who needs to possess a resource or a business which doesn't have satisfactoryassets to address the full cost; and takes the help of financing from another gathering. Theportion of the lender is partitioned into various units and it is perceived that the customer willbuy the units of the portion of the agent individually occasionally, accordingly expanding hisown offer till every one of the units of the lender are bought by the customer in order to makehim the sole proprietor of the resource. In this sort of association,Islamic banks can use Diminishing Musharakah in various cases: to provide house financing,auto financing, plants and machinery financing, etc.

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Term
Summer
Professor
NoProfessor
Tags
Islamic Banking and Finance, Murabahah

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