Case Tawarruq On April 1st, 2023, you requested personal financing for 168 750 QR from an Islamic Bank. The bank accepted your application and provided you with the financing using a sharia-compliant Tawarruq scheme.

To structure the operation, the bank used platinum. You have the following information: - Term of finance: 2 years - Payment conditions: equal monthly installments. - Price of Platinum on April 1st, 2023, 135 QR per gram - Annual profite rate : 5 % - Suppose all trades took place on April 1st, 2023 and transaction costs and fees are 0. Explain in detail graphically the structure used by the bank.

1. How much platinum is needed to structure the operation (grammes)?

2. Find your monthly installment?

3. How much do you buy the platinum?

4. How much do you sell the platinum?

5. What is the profit of the bank?

6. Suppose the Platinum was already in the Islamic Banks vault, and that the Islamic Banks profit is 20 % greater than a conventional bank charging 4.5% on a personal loan with the same conditions. At what price did the Islamic Bank originally buy the Platinum (price per gram)?