Finance Principal Amount Assignment | Homework For You

6. One of Qatar Centeal Bank recommendations is: “In the case of a car loan, the finance principal amount without the return should not exceed Eighty percent (80%) of the cost of the car. The car should be hypothecated to the bank, with an authorization from the customer to the bank to sell the car in case of default. Additionally, the bank should notify the security authorities to disallow permission to the customer to take the car out of the country without permission from the bank to which the car is hypothecated.” Which of the following Murabaha Cases does not respect this instruction?* DS (1 Point)

Murabaha Price = 115000,

Downpayment – 30000,

Bank’s Profit – 15000

Murabaha Price = 120000,

Downpayment = 10000,

Bank’s Profit – 20000

Murabaha Price = 115000,

Downpayment – 25000,

Bank’s Profit – 15000. Get Finance homework help today