Wan Rosli places a tawarruq deposit with Maybank Islamic for a period of 8 years. The murabaha

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Wan Rosli places a tawarruq deposit with Maybank Islamic for a period of 8 years. The murabaha selling price of $10,000 to the bank is based on a return of 5% per annum compounded. Using the PV of $1 table, calculate the amount that is placed in the bank.

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Principles Of Islamic Accounting

ISBN: 9781119023296

1st Edition

Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim

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