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Question 15 Not yet answered Marked out of 2.00 Remove flag Al Akhdar Company is going to buy a new vending machine for its branches.

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Question 15 Not yet answered Marked out of 2.00 Remove flag Al Akhdar Company is going to buy a new vending machine for its branches. Cost of machine is 9800 OMR. Al Akhdar reaches to Maisarah Islamic Bank (MIB) to find required money for the machine. They make a "Murabaha" contract. The contract is for 10 years. Al Akhdar will make payments monthly. At the end of the contract, MIB makes 14700 OMR of profit. What is the profit rate per year for this contract

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