Question: Question 4 (2 Marks) a Ali is interested in purchasing a house worth 51,750 OMR. Ali goes to Sohar Bank (an Islamic bank) for the

 Question 4 (2 Marks) a Ali is interested in purchasing a
house worth 51,750 OMR. Ali goes to Sohar Bank (an Islamic bank)

Question 4 (2 Marks) a Ali is interested in purchasing a house worth 51,750 OMR. Ali goes to Sohar Bank (an Islamic bank) for the purchase of the property and puts down 40% of the price as a down payment. Both parties determined the rental value for the house as 350 OMR per month as the rental value. Based on the rental value and the financing period, the financial institution determined fixed monthly payments as 4,000, which Ali would have to make to own the house. Prepare payment table for this contract. Find the beginning bank ownership. Find the total rent paid. Find the total extra payments. . Question 1 (1 Mark) Oasis LLC wants to change machines. On January 2018, Oasis makes an "jarah Muntahia Bittamleek" contract with Sohar Islamic Bank (SIB) for 12 years. SIB purchases ten (10) machines. Cost of each machine is 11000 OMR and maintenance expenses for each machine is 300 OMR per year. Oasis LLC will pay rental of 150 OMR per machine each month. At the end of contract, SIB agrees to sell each machine at 600 OMR at the end of contract period. Calculate profit/loss of SIB for this contract. if Bank gives the machines as "Gift" at the end of contract, what will be the change in profit compared to first case

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