Question
1. Adam wants a truck. He's saved BHD 20,500 toward the $45,000 truck. Adam wants Sharia finance. After obtaining the relevant information and conducting verifications,
1. Adam wants a truck. He's saved BHD 20,500 toward the $45,000 truck. Adam wants Sharia finance. After obtaining the relevant information and conducting verifications, the Islamic financial institution approves his application and gives him two options. Both seven-year contracts are diminishing Musharaka and Murabaha. Because he's unaware of Islamic Banking's great products, he seeks your help before choosing a finance option. The bank will contribute the remaining funds with a predetermined Profit Sharing ratio of 60:40 and a projected return of 80Bd/day. The Murabaha will have a 5 percent profit ratio. Read then Critically analyze the two-vehicle financing offers given to Adam [16Marks] Note: [4 Marks ]For including the Murabaha monthly payment while analyzation ?
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