Al-Awael Islamic Bank purchased warehouses for an amount of 150,000 dinars on 12-25-2018 in cash from joint investment account funds to rent them to the client Khaled, under the following conditions: The lease period is ten years, starting from January 1, 2019§ The rent is paid in equal monthly installments, and the bank assigns the warehouses at the end of the period without any compensation. The bank's profit rate is 5% annually§ The monthly rent for a similar warehouse is estimated at 1,600 dinarsThe amount of Islamic insurance on the warehouses was 50,000 dinarsSuppose that in the third year, some of the internal water pipes of the stores were repaired for 50 dinars, and the front entrance to the stores was expanded for 200 dinars. In your opinion, who will bear these expenses? Suppose that in the fifth year, the refrigeration equipment was completely damaged due to a fire that destroyed the warehouses and became unusable, and the insurance company paid the full amount. In your opinion, how will this issue be dealt with and who will receive it? The insurance amount and what effect does it have on the client?
Al-Awael Islamic Bank purchased warehouses for an amount of 150,000 dinars on 12-25-2018 in cash from joint investment account funds to rent them to the client Khaled, under the following conditions: The lease period is ten years, starting from January 1, 2019§ The rent is paid in equal monthly installments, and the bank assigns the warehouses at the end of the period without any compensation. The bank's profit rate is 5% annually§ The monthly rent for a similar warehouse is estimated at 1,600 dinarsThe amount of Islamic insurance on the warehouses was 50,000 dinarsSuppose that in the third year, some of the internal water pipes of the stores were repaired for 50 dinars, and the front entrance to the stores was expanded for 200 dinars. In your opinion, who will bear these expenses? Suppose that in the fifth year, the refrigeration equipment was completely damaged due to a fire that destroyed the warehouses and became unusable, and the insurance company paid the full amount. In your opinion, how will this issue be dealt with and who will receive it? The insurance amount and what effect does it have on the client?
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