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How much is the unearned murabaha income balance

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Reference no: EM132781946

Problem - Bank Muamalat provides a financing facility based on the Murabaha principle to Barakah Manufacturing to purchase a special equipment for their factory. The financing amounted to $900,000 at a constant rate of return of 16% per year for a period of 7 years. How much is the Unearned Murabaha Income balance at the end of Year 5?

Reference no: EM132781946

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