Question: Direction: Critically analyze and answer the following questions (9 Marks) Mohammed requires funds to purchase Villa. The Villa will cost BHD 75,000 to construct. Mariam,

Direction: Critically analyze and answer the following questions (9 Marks) Mohammed requires funds to purchase Villa. The Villa will cost BHD 75,000 to construct. Mariam, his wife, has up to BHD 20,000 in savings but needs an extra BHD 55,000 in finance. Mohammed is aware that he may borrow from any bank in Bahrain, but he prefers Shariah-compliant financing. However, Mohammed is unaware of the remarkable product in Islamic Banking, therefore Mohammed asks for your assistance on how he might finance his property

The other alternative is using diminishing Musharaka. discuss how he might finance his property and mention the cost of the house and the bank financing percentage in your discussion.

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