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10) On January 1, 2015, Kuwait Finance House (KFH) signed a Murabahah to purchase of motor van to one of its clients. The KFH annual
10) On January 1, 2015, Kuwait Finance House (KFH) signed a Murabahah to purchase of motor van to one of its clients. The KFH annual rate of return is 6%. The KFH agrees on a financing amount of 200,000 over a period of 5 years. Based on this information, the (a) KD 60,000 time of Murabahah sale is b) KD 40,000 c) KD5,000 d) Another amount 11) On January 1. 2015, Kuwait Finance House (KFH) signed a Murabahah to purchase a motor van to one of its clients with payments of annual installments. The KFH annual rate of return is 6%. The KFH agrees on a financing amount of 400,000 over a period of 5 years. Based on this information, the amount of profit and loss account at the end of each year is: a) KD24,000 b) KD 104,000 c) KD8,666.66 d) Another amount 12) On January 1, 2015, Kuwait Finance House (KFH) signed a Murabahah to purchase a motor van to one of its clients. The KFH annual rate of return is 5%. The client agreed to pay the cost of the commodity plus KD 120,000 over a period of 5 years. Based on this information, the amount of installment per month is: a) KD8,000 b) KD 10,000 c) KD24,000 d) Another amount 10) On January 1, 2015, Kuwait Finance House (KFH) signed a Murabahah to purchase of motor van to one of its clients. The KFH annual rate of return is 6%. The KFH agrees on a financing amount of 200,000 over a period of 5 years. Based on this information, the (a) KD 60,000 time of Murabahah sale is b) KD 40,000 c) KD5,000 d) Another amount 11) On January 1. 2015, Kuwait Finance House (KFH) signed a Murabahah to purchase a motor van to one of its clients with payments of annual installments. The KFH annual rate of return is 6%. The KFH agrees on a financing amount of 400,000 over a period of 5 years. Based on this information, the amount of profit and loss account at the end of each year is: a) KD24,000 b) KD 104,000 c) KD8,666.66 d) Another amount 12) On January 1, 2015, Kuwait Finance House (KFH) signed a Murabahah to purchase a motor van to one of its clients. The KFH annual rate of return is 5%. The client agreed to pay the cost of the commodity plus KD 120,000 over a period of 5 years. Based on this information, the amount of installment per month is: a) KD8,000 b) KD 10,000 c) KD24,000 d) Another amount
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