Is it Allowed for KFH to Purchase the Share of its Partner in a Real Estate and Sell It on Its Own to a Customer on a deferred-payment basis?

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Question: The First Scenario: KFH has agreed with Al-Arjan International Real Estate Company to build residential buildings on a piece of land owned by KFH; upon completion KFH will become a joint partner with Al-Arjan in owning the land and...
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