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Bank Muamalat provides a financing facility based on the Murabaha principle to Barakah Manufacturing to purchase a special equipment for their factory. The financing amounted

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Bank Muamalat provides a financing facility based on the Murabaha principle to Barakah Manufacturing to purchase a special equipment for their factory. The financing amounted to $550,000 at a constant rate of retum of 10% per year for a period of 5 years. The annual installment payment is $150,000. How much is the total Murabaha financing? 652,000 625.000 sec.000 605,000

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