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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The problem describes a financial transaction in which a deposit is made into a bank under a type of ...View the full answer
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Seema kuldeep
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Related Book For 
Principles Of Islamic Accounting
ISBN: 9781119023296
1st Edition
Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim
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