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QUESTION 6 5 points Save An You are interested in executing a Murabaha contract to meet your business needs. The financing amount is AED. 54
QUESTION 6 5 points Save An You are interested in executing a Murabaha contract to meet your business needs. The financing amount is AED. 54 million. The bank accepted your offer of a profit rate of 1% per annum. The tenor of the contract is one year. The entire Murabaha price will be paid in 3 equal installments? What will be the value of each installment? Note: Please write your final answer amount of one installment) in the box below. Please write your detailed calculation steps for calculations in the space provided in the next
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