Bank Meethaq provides a financing facility based on murabahah to the Purchase Orderer principles to Ahmad for the purpose of house purchase. The financing is amounting to OR 44000 at a constant rate...

Bank Meethaq provides a financing facility based
on murabahah to the Purchase Orderer principles
to Ahmad for the purpose of house purchase.
The financing is amounting to OR 44000 at a
constant rate of return 6% for a period of 3 years.
Calculate the first year balance of BBA (bai'
bithaman ajil ) financing