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In Islamic finance, a sales contract where the Finance Institute buys the product on behalf of the client and resells the product to the same client by clearly mentioning the cost incurred in buying the product and the margin or the mark-up when reselling the product to the client. ( Applicable for Registered Vehicles.)
in Islamic finance is a contract under which an Islamic Institute provides assets to the client against an agreed rental together with a unilateral undertaking by the Islamic Institute.(Applicable for Unregistered Vehicles).