Tasya wants to buy one apartment at Damansara, and it will cost her RM 450,000. Tasya has

already submitted documents to Al Rajha Bank, and it is already approved for home financing.

Tasya needs to deposit 10% out of the house price and the bank will finance the remaining 90%.

Tasya agreed that ownership of the house would increase based on the monthly payments paid

to the bank. Tasya will pay RM 2,500 per month for a monthly payment starting from October

2022 until October 2052.

Based on the situation;

a. Identify and explain the underlying principle that can be utilized by Tasya for the

purpose of home financing.

(5 marks)

FBA/PFS2253/AUG22

CONFIDENTIAL/4

b. Based on answer in (a), illustrate the modus of operandi for that principle.

(10 marks)

c. Elaborate the tenets of the principle carried out by both parties.