A grocery store owner wants to add a cold dink corner to his existing business...
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A grocery store owner wants to add a cold dink corner to his existing business where he will be selling cold drinks of a famous brand like Coca Cola or Pepsi . To set up this stall he needs a deep freezer or chiller as without it he will not be able to sell which will cost him 1000Bd , getting all the necessary details and successful completion of required verifications, Islamic finance program approves his application and provide two contract diminishing Musharaka agreement and Murabaha Agreement both for 2 years.
A. The diminishing Musharaka will be on the following terms and conditions.
i. Contribution of Islamic Microfinance program will be 500Bd
ii. Profit Sharing ratio is 40:60.
iii. the rental for the deepfreezer is 30 Bd /month
B. The Murabaha will be with a profit ratio is 5%
Q: Calculate the returns through Murabaha contract
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