Advanced Placement (AP), 27.12.2020 19:20 soapai
ABC is planning to expand its operations and wants to install Plant and Machinery (PM) costing Rs. 75 million. Direct cost including accessories and installation is estimated at Rs. 5 million. Customer has decided to contribute Rs. 20 million and the remaining amount will be contributed by XYZ Islamic Bank (the bank). PM was purchased on April 1, 2019. The installation process of PM would take 2 months. The tenure of Musharakah financing was agreed to be 5 years. Rentals will be paid biannually. Bank’s share will be divided into units and ABC will undertake to purchase the bank’s units biannually to become the sole owner of the asset. Questions: Identify the nature of contract (as practiced in IBs) (02) Is there any difference between this contract and permanent Musharakah? Explain. (02) Devise the Process flow for the transaction. (04) At what time rentals will be started?
Answers: 3
Advanced Placement (AP), 22.06.2019 02:00, 902coo
Do stairs go up or down? do stuttering people stutter when they’re thinking to themselves? do they bury people with their braces on? do they have the word “dictionary” in the dictionary? do you yawn in your sleep? do your eyes change color when you die? how can something be “new” and “improved”? if it’s new, what was it improving on? how come only your fingers and toes get wrinkly in the shower and nothing else does? how come you never see a billboard being put up by the highway? how do you handcuff a one-armed man? how far east can you
Answers: 2
Advanced Placement (AP), 23.06.2019 08:30, saharalover11
Ithink this answer is b but i’m not sure, for free points + brainliest correct me if i’m wrong or confirm if i’m right! when your driver license is you are no longer licensed to drive. a. suspended b. revoked c. terminated d. confiscated
Answers: 2
ABC is planning to expand its operations and wants to install Plant and Machinery (PM) costing Rs. 7...
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