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a) explain your understanding in interpreting Al-Bay as risk sharing

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a) explain your understanding in interpreting Al-Bay as risk sharing. how is it different from risk transfer? ( 10 marks)

b) how can we differentiate risk from uncertainty and ambiguity? which category represents gharar and how? what implications does it have for economic and financial outcomes? (10 marks)

c) Islamic banks does not offer loans but financing. critically explain and justify the statement. (10 marks)