First decade: Ithmaar Islamic Bank purchased a house for 140,000 dinars on 12-21-2009 in cash from investment account funds. The subscriber is to rent it to the customer on me, under the following conditions: The lease period is eight years, starting from January 1, 2010The bank's profit rate is 4% annually. The rent is paid in equal monthly installments, and the bank transfers the house at the end of the period without charge the monthly rent for a similar house is estimated at 1,800 dinars The amount of Islamic insurance on the house was 20,000 dinars Assuming that in the second year, the internal closets of the house were repaired at a value of 100 dinars, and the kitchen was expanded at a value of 100 dinars280 dinars. In your opinion, who will bear these expenses? Suppose that in the fourth year, the house was demolished due to poor materials used in the initial foundations of the building, and the insurance company paid the full amount. In your opinion, how will this issue be dealt with and who will receive the insurance amount? What is its impact on the customer? Second decade: Al-Awael Islamic Bank purchased warehouses for an amount of 150,000 dinars on 12-25-2018 in cash from joint investment account funds to rent them to the client Khaled, under the following conditions: The lease period is ten years, starting from January 1, 2019 Search The bank's profit rate is 5% annually. Assuming that in the second year, the internal cabinets of the house were repaired at 100 dinars, and the kitchen was expanded to 280 dinars. In your opinion, who will bear these expenses? Suppose that in the fourth year, the house was demolished due to poor materials used in the initial foundations of the building and the insurance company paid the full amount. In your opinion, how will this issue be dealt with and who will receive the insurance amount? gesticulates effect on the customer?

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 28P

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Second decade: Al-Awael Islamic Bank purchased warehouses for an amount of 150,000 dinars on 12-25-2018 in cash from joint investment account funds to rent them to the client Khaled, under the following conditions: The lease period is ten years, starting from January 1, 2019§ The rent is paid in equal monthly installments, and the bank assigns the warehouses at the end of the period without any compensation. The bank's profit rate is 5% annually§ The monthly rent for a similar warehouse is estimated at 1,600 dinarsThe amount of Islamic insurance on the warehouses was 50,000 dinarsSuppose that in the third year, some of the internal water pipes of the stores were repaired for 50 dinars, and the front entrance to the stores was expanded for 200 dinars. In your opinion, who will bear these expenses? Suppose that in the fifth year, the refrigeration equipment was completely damaged due to a fire that destroyed the warehouses and became unusable, and the insurance company paid the full amount. In your opinion, how will this issue be dealt with and who will receive it? The insurance amount and what effect does it have on the client?