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31 32 CROWN Question 2 A Moving to another question will save this response. Question 31 Suppose that Knitwear, a hypothetical garments manufacturing factory, needs
31 32 CROWN Question 2 A Moving to another question will save this response. Question 31 Suppose that Knitwear, a hypothetical garments manufacturing factory, needs a new knitting machine that worth AED 4,691574. Due to thortage of Walkty, Knitwe approached International Islamic Bank (TTB) and signed a Master Murabaha Finance Agreement (MMFA) in January 2013 with the following terms of the contract All machine's characteristics are well identified, The bank will hire an expert to buy the machine with a salary AED 25K paid by HB. The bank takes a markup, which is 18% of the machine's initial price. Bank will pay for the takaful insurance amount of AED 31K. Knitwear has to pay the bank the whole Murabaha price as a lump sum on 1st January 2020. e Based on the above information, answer the following: a. What will be the net profit of IIB? MacBook Air 95 F3 1 % 5 $ A 17 3 2
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