f you go to an Islamic bank and ask for financing for following purposes, which financial product Islamic bank will most likely to use and why? 1. 10 years financing to start a new project 2. 5 years financing to construct a house on your land 3. 3 years financing for a heavy duty generator 4. 6 months financing for IPhone 12

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter17: Financial Markets
Section: Chapter Questions
Problem 29CTQ: If you owned a small firm that had become somewhat established, but you needed a surge of financial...
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If you go to an Islamic bank and ask for financing for following purposes, which financial product Islamic bank will most likely to use and why?

1. 10 years financing to start a new project
2. 5 years financing to construct a house on your land
3. 3 years financing for a heavy duty generator
4. 6 months financing for IPhone 12

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