IQIF Practice Questions - IBFIM Intermediate Qualification In Islamic Finance Exam

The seller must disclose only the markup profit margin, keeping the original cost private. The seller must disclose the original acquisition cost and the markup profit margin to the buyer. The buyer and seller must agree to let a third-party appraiser determine the cost at a later stage. The seller is permitted to overestimate the cost as long as the buyer agrees to the final transaction price.