Does sharia finance allow you borrow an asset and re-sell it and then purchase it back at a later date in order to return the asset?
Assume that no finance charges (interest) is charged on the borrowed asset and the borrower posts 100% equivalent value of the borrowed asset as collateral to eliminate the risk of the borrower failing to return the borrowed asset.
Asked by Jay Sidri
(111 rep)
Oct 18, 2021, 05:13 AM