1. Islamic finance institutions play an important role in economic development through their Islamic activities and products. Briefly, explain the role of each institution in economic development? 10 points

2. Islamic banks differ from traditional banks in many aspects, the most important of which are the financing tools used in Islamic banks. Explain four of the Islamic financing tools and their equivalents in conventional banks, along with an illustrative example of the Islamic financing tool? 10 points

3. Control over Islamic financial institutions is one of the most important tools used to achieve the growth and development of the Islamic finance institution. Discuss this phrase indicating the role of each type of supervision in the development of Islamic finance institutions? 10 points

4. Customer Muhammad went to Bank Al-Safa to buy a Passat car model 2020 from Zalmout Company. The customer Muhammad brought a price offer from Zalmout Company for the value of the car at $ 50,000. Assuming that Muhammad would buy the car through the Murabaha for a period of 4 years at a profit rate of 3.75% considering that The seriousness payment is 15% of the value of the Murabaha contract, the cost of car insurance is $ 600, and the cost of the car license is $ 300. 1. Calculate the profit of Murabaha. 2 points

2. Calculate the value of the monthly payment if it is regular. 2 points

3. Calculate the total annual payments in case the first year was 10 payments. 2 points

4. Assuming that the customer rejected the deal after the bank bought the car, and the bank sold the car for $ 39,500, what would be the consequence for the customer, Muhammad and the bank? 2 points

5. Assuming that Muhammad pays $ 5,000 to the car company from which the bank will purchase it, what is the classification of the contract, and if the bank knows that, what is the appropriate procedure? 2 points

1. Islamic finance institutions play an important role in economic development through their Islamic activities and products. Briefly, explain the role of each institution in economic development? 10 points 2. Islamic banks differ from traditional banks in many aspects, the most important of which are the financing tools used in Islamic banks. Explain four of the Islamic financing tools and their equivalents in conventional banks, along with an illustrative example of the Islamic financing tool? 10 points 3. Control over Islamic financial institutions is one of the most important tools used to achieve the growth and development of the Islamic finance institution. Discuss this phrase indicating the role of each type of supervision in the development of Islamic finance institutions? 10 points 4. Customer Muhammad went to Bank Al-Safa to buy a Passat car model 2020 from Zalmout Company. The customer Muhammad brought a price offer from Zalmout Company for the value of the car at S 50,000. Assuming that Muhammad would buy the car through the Murabaha for a period of 4 years at a profit rate of 3.75% considering that The seriousness payment is 15% of the value of the Murabaha contract, the cost of car insurance is $ 600, and the cost of the car license is $ 300. 1. Calculate the profit of Murabaha. 2 points 2. Calculate the value of the monthly payment if it is regular. 2 points 3. Calculate the total annual payments in case the first year was 10 payments. 2 points 4. Assuming that the customer rejected the deal after the bank bought the car, and the bank sold the car for $ 39,500, what would be the consequence for the customer, Muhammad and the bank? 2 points 5. Assuming that Muhammad pays $5,000 to the car company from which the bank will purchase it, what is the classification of the contract, and if the bank knows that, what is the appropriate procedure? 2 points 1. Islamic finance institutions play an important role in economic development through their Islamic activities and products. Briefly, explain the role of each institution in economic development? 10 points 2. Islamic banks differ from traditional banks in many aspects, the most important of which are the financing tools used in Islamic banks. Explain four of the Islamic financing tools and their equivalents in conventional banks, along with an illustrative example of the Islamic financing tool? 10 points 3. Control over Islamic financial institutions is one of the most important tools used to achieve the growth and development of the Islamic finance institution. Discuss this phrase indicating the role of each type of supervision in the development of Islamic finance institutions? 10 points 4. Customer Muhammad went to Bank Al-Safa to buy a Passat car model 2020 from Zalmout Company. The customer Muhammad brought a price offer from Zalmout Company for the value of the car at S 50,000. Assuming that Muhammad would buy the car through the Murabaha for a period of 4 years at a profit rate of 3.75% considering that The seriousness payment is 15% of the value of the Murabaha contract, the cost of car insurance is $ 600, and the cost of the car license is $ 300. 1. Calculate the profit of Murabaha. 2 points 2. Calculate the value of the monthly payment if it is regular. 2 points 3. Calculate the total annual payments in case the first year was 10 payments. 2 points 4. Assuming that the customer rejected the deal after the bank bought the car, and the bank sold the car for $ 39,500, what would be the consequence for the customer, Muhammad and the bank? 2 points 5. Assuming that Muhammad pays $5,000 to the car company from which the bank will purchase it, what is the classification of the contract, and if the bank knows that, what is the appropriate procedure? 2 points