Which of the following is the correct extract of the income statement of Islamic Bank of Jordan at the end of the 1st year?

a. Profit/(loss) from Murabaha Financing (20,000)

b. Profit/(loss) from Murabaha Financing 20,000

c. Profit/(loss) from Murabaha Financing 200,000

d. Profit/(loss) from Murabaha Financing 40,000 Jordan Islamic Bank gave murabaha financing to Ahmad to purchase a house that cost the bank 200,000 dinars over a 10-year period. The markup was a constant rate of return of 10% per annum. The instalments are to be paid equally over the 10 years. The bank recognises profit equally over the period. Ahmad paid the instalments regularly for the first 4 years and at the end of the fifth year he redeemed the financing. Jordan Islamic Bank agreed to give Ahmad 80% of the unearned deferred profit at the end of year 5, after taking the full profit for year 5.