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Rs. 3500000 Rs. 350000 Q1. Following information is available for an Islamic Bank: Cost of House Customer Share/Down Payment/ Lease Deposit/ Advance Rent Expressed profit
Rs. 3500000 Rs. 350000 Q1. Following information is available for an Islamic Bank: Cost of House Customer Share/Down Payment/ Lease Deposit/ Advance Rent Expressed profit of Bank (in case of Murabaha) Market Rent of the house in case of Murabaha (Per Month) Bank profit rate in case of Ijara Finance Period Rs. 500000 Rs. 17500 5% per anum 60 Months Required: Calculate monthly amount payable to the Bank by the customer under Musharaka, Murabaha, and Ijara Muntahaia Bittamleek. In your opinion based on available data, which option is more suitable for the customer? (5) Rs. 3500000 Rs. 350000 Q1. Following information is available for an Islamic Bank: Cost of House Customer Share/Down Payment/ Lease Deposit/ Advance Rent Expressed profit of Bank (in case of Murabaha) Market Rent of the house in case of Murabaha (Per Month) Bank profit rate in case of Ijara Finance Period Rs. 500000 Rs. 17500 5% per anum 60 Months Required: Calculate monthly amount payable to the Bank by the customer under Musharaka, Murabaha, and Ijara Muntahaia Bittamleek. In your opinion based on available data, which option is more suitable for the customer
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