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Subject: Islamic Banking & Finance answer is required immegiately thanks Q.2: Bank ABC signed an agreement with one of its client offering Diminishing Musharakah for

Subject: Islamic Banking & Finance
answer is required immegiately thanks image text in transcribed
Q.2: Bank ABC signed an agreement with one of its client offering Diminishing Musharakah for house financing under given conditions: (Marks: 6) Bank financing: 7.0 million (70%) Tenure: 3 Years Rentals: 16 % (p.a) Installments: Quarterly Prepare a complete payment plan showing the rentals, units own by both the parties, investment of both partners and total payments etc. To avoid lengthy process you may show first three and last three installments

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