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1. Abudalla requires funds to purchase a taxi. The taxi costs BHD 10,000 and he has BHD 2,500 in savings. Abdulla is looking for Shariah-compliant

1. Abudalla requires funds to purchase a taxi. The taxi costs BHD 10,000 and he has BHD 2,500 in savings. Abdulla is looking for Shariah-compliant funding. Getting all the necessary details and successful completion of required verifications, the Islamic financial bank approves his application and provides two contract options the first one is diminishing Musharaka agreement and the second is Murabaha Agreement, both for 5 years. And because he is unaware of the remarkable product in Islamic Banking, he seeks your help before deciding which finance best suits his needs. Note: The diminishing Musharaka will be on the following terms and conditions: the bank will Contribute the remaining amount with a pre-agreed Profit Sharing ratio of 60:40 with a projected return of 50Bd/day, and the Murabaha will be with a profit ratio is 5%

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