Question: Bintang has arranged to purchase a house costing (Indonesian rupiaya) IDR2 million on a Murabaha basis from Indonesia Islamic Bank. All other indirect costs of

Bintang has arranged to purchase a house costing (Indonesian rupiaya) IDR2 million on a Murabaha basis from Indonesia Islamic Bank. All other indirect costs of acquiring the property are IDR50,000. The bank agreed on a reasonable profit rate of 8%. The repayment will be made monthly over 20 years. How much will the price of the house be to Bintang? How much will Bintang have to pay each month?

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