How does the Hejaz Murabaha base vehicle finance work?

Murabaha is a common Islamic financing structure where Hejaz buys a good and sells it to the borrower at a profit margin agreed upon in advance. The borrower pays the purchase price plus the margin over a deferred payment period.

For example, A customer wants to buy a car worth $20,000. Hejaz purchases the car and sells it to the customer for $22,000, payable over three years in monthly instalments.