Mr. Adnan has approached Islamic Bank for Murabaha Finance Facility for purchase of construction material.
The bank has approved the MF facility as per following details.
Murabaha Amount		1,000,000
Profit Rate		15%
Tenor		1 Year
Repayment		Bullet
Profit Amount		?
Contract price		?
Disbursement Date		1st January 2019
Booking Date		15th January, 2019
Explain step wise process of Murabaha along with dates and documentation to be executed at each stage.
Also provide accounting entries at each stage of Murabaha transaction