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Question 0 2 3 0 % down payment and the balance 7 0 % is invested by the bank. Rental value of OMR 1 0

Question 0230% down payment and the balance 70% is invested by the bank. Rental value of OMR 10000 per year is agreed by both parties. The bank's investment of OMR 700000 will be bought by the Mr. Messi in 10 years in 10 equal instalments.a) Explain what is diminishing Musharaka contract based on a home financing product and how it differs from the conventional home financing product (8 marks)b) Calculate the annual payment Ronaldo will be paying to the Bank in each of the first three years. The value should show the share of rent and capital repayment separately.(12 marks)(Total 20 Marks)Year(OMIR)bank by Sultan purchase price ofthe bank (MR) bank house to bank (OMR)Rent payment to Sultan pays 30% Total paymento Ornership of Ownership ofSultan

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