Problem: Al-Najah Islamic Bank participated with client Fares in establishing a private therapeutic health center on land owned by Fares. The fair value of the land was 80,000 dinars, and the terms of the participation contract were as follows: Fares will manage the project B. The bank pays financing for the project in the amount of 120,000 dinars in payments to the contractor. C. The net revenues are distributed between Fares 80% and the bank 20. C. Fares pays 90% of its net revenues to the bank. This is considered a purchase of the bank's share in the project. Payment is made on 12-28 annually *** and the following transactions have occurred: On February 1, 2016, the bank paid 100,000 dinars in cash to the contractor to complete the first phase. On November 25, 2016, the bank paid 20,000 dinars in cash to the contractor to complete the final phase of construction.. On January 1, 2017, Fares took over the center and it was ready for work. The profits and losses for the first quarter of the health center's operation were as follows: At the end of 2017, profits were 160,000 dinars At the end of 2018, losses were (20,000) dinars At the end of 2019, profits were 100,000 dinars At the end of 2020, profits were 70,000 dinars What is required as an accountant in the Islamic Bank and in accordance with the latest standards issued by the Accounting Authority The review and controls of Islamic financial institutions related to the Musharaka contract are requested from you:
1. Prepare detailed analytical table for the partnership contract ending with ownership (clarifying the calculations).
2. Based on the information extracted from the table, calculate the number of years of the participation contract (2 degrees).
3. Determine the net profits of the Islamic bank for the total years and the profit rate per year compared to the return The expected Murabaha is 10%.