Question: You are interested in executing a Murabaha contract to meet your business needs. The financing amount is AED. 88 million. The bank accepted your offer

You are interested in executing a Murabaha contract to meet your business needs. The financing amount is AED. 88 million. The bank accepted your offer of a profit rate of 6% per annum. The tenor of the contract is one year, What will be the price of the Murabaha contract? Note: Please write your final answer (the calculated price of Murabaha) in the box below. Please write detailed steps for calculations in the space provided in the next

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