When the client buys a unit, there must be an actual offer and acceptance for that unit at that date. Ownership then moves from financier to client. The earlier promise only prepared the later transaction.
The ownership must be real rather than only documentary. Rights, benefits and the relevant ownership risk should follow the share actually owned at that stage.
Opening interactive controls...
Diminishing Partnership (المشاركة المتناقصة) for Home Financing
When the client buys a unit, there must be an actual offer and acceptance for that unit at that date. Ownership then moves from financier to client. The earlier promise only prepared the later transaction.
The ownership must be real rather than only documentary. Rights, benefits and the relevant ownership risk should follow the share actually owned at that stage.