17. The following data for the joint investments portfolio of unrestricted investment accounts holders were taken from the records of The International Islamic Bank for 2016: 1 an extract from the bank's trial balance before dosing entries. Account Dr. .. Murabaha P/L $15,000,000 Fjara PAL $ 2,000,000 Mudaraba P/L $ 400,000 Istisna'a P/L $100,000 Musharaka P/L -$1,000,000 Selling and Administrative Expenses... Direct costs........... $2,000,000 $1,500,000 2- The basis of allocating profits between the bank as Mudarib, and the Unrestricted Accounts Holders are as follows (IGNOR THE INVESTMENT RISK PROVISION): 40% is the bank share as Mudarib 60% is the share of Investment Accounts' Holders (Rab Al-Mal) 3- The investment accounts shall share profits on the following bases: - 50% of the saving accounts balance. -70% of the notice accounts balance. - 80% of the time deposit accounts. 4- The following are the balances of deposits in the bank during year 2017: Current Accounts .....$62,000,000 Saying Accounts .....$20,000,000 non FOR THE INVESTMENT RISK PROVISION): 40% is the bank share as Mudarib 60% is the share of Investment Accounts' Holders (Rab Al-Mal) 3- The investment accounts shall share profits on the following bases. 50% of the saving accounts balance. 70% of the notice accounts balance. 80% of the time deposit accounts. 4- The following are the balances of deposits in the bank during year 2017: Current Accounts .....$62,000,000 Saving Accounts ......$20,000,000 Notice Deposits $100,000,000 Time Deposits ..$200,000,000 Instructions: Use SIAM method to calculate the following: 19- Compute the Profit of joint investments portfolio (SHOW YOUR CALCULATION) T. By using SIAM method, compute the Profil showing to Unedited werden scooters (URLARI) (2 points) Enter your answer 19. Compute the NET INCOME before tax and Zalah to Islamic Bank. (SHOW YOUR CALCULATION) (2 points) Enter your answer 20. Compute the profit sharing to current accounts. (SHOW YOUR CALCULATION) (1 Point) 21. Compute the profit sharing to saving accounts. (SHOW YOUR CALCULATION) (2 Points) Enter your answer 22. Compute the profit sharing to notice deposits. (SHOW YOUR CALCULATION) (1 Point) Enter your answer 23. Compute the profit sharing to time deposits. (SHOW YOUR CALCULATION) 24. The return on investment for saving accounts, notice deposits, and time deposits, respectively. are: (SHOW YOUR CALCULATION) Note: write the answer as follow (1 Point) 0.000%/0.000%/0.000% without spaces. Enter your answer 25. Return for Investor A who invested $450,000 as a current account, and invested $1,000,000 as a time deposit. (SHOW YOUR CALCULATION) 17. The following data for the joint investments portfolio of unrestricted investment accounts holders were taken from the records of The International Islamic Bank for 2016: 1 an extract from the bank's trial balance before dosing entries. Account Dr. .. Murabaha P/L $15,000,000 Fjara PAL $ 2,000,000 Mudaraba P/L $ 400,000 Istisna'a P/L $100,000 Musharaka P/L -$1,000,000 Selling and Administrative Expenses... Direct costs........... $2,000,000 $1,500,000 2- The basis of allocating profits between the bank as Mudarib, and the Unrestricted Accounts Holders are as follows (IGNOR THE INVESTMENT RISK PROVISION): 40% is the bank share as Mudarib 60% is the share of Investment Accounts' Holders (Rab Al-Mal) 3- The investment accounts shall share profits on the following bases: - 50% of the saving accounts balance. -70% of the notice accounts balance. - 80% of the time deposit accounts. 4- The following are the balances of deposits in the bank during year 2017: Current Accounts .....$62,000,000 Saying Accounts .....$20,000,000 non FOR THE INVESTMENT RISK PROVISION): 40% is the bank share as Mudarib 60% is the share of Investment Accounts' Holders (Rab Al-Mal) 3- The investment accounts shall share profits on the following bases. 50% of the saving accounts balance. 70% of the notice accounts balance. 80% of the time deposit accounts. 4- The following are the balances of deposits in the bank during year 2017: Current Accounts .....$62,000,000 Saving Accounts ......$20,000,000 Notice Deposits $100,000,000 Time Deposits ..$200,000,000 Instructions: Use SIAM method to calculate the following: 19- Compute the Profit of joint investments portfolio (SHOW YOUR CALCULATION) T. By using SIAM method, compute the Profil showing to Unedited werden scooters (URLARI) (2 points) Enter your answer 19. Compute the NET INCOME before tax and Zalah to Islamic Bank. (SHOW YOUR CALCULATION) (2 points) Enter your answer 20. Compute the profit sharing to current accounts. (SHOW YOUR CALCULATION) (1 Point) 21. Compute the profit sharing to saving accounts. (SHOW YOUR CALCULATION) (2 Points) Enter your answer 22. Compute the profit sharing to notice deposits. (SHOW YOUR CALCULATION) (1 Point) Enter your answer 23. Compute the profit sharing to time deposits. (SHOW YOUR CALCULATION) 24. The return on investment for saving accounts, notice deposits, and time deposits, respectively. are: (SHOW YOUR CALCULATION) Note: write the answer as follow (1 Point) 0.000%/0.000%/0.000% without spaces. Enter your answer 25. Return for Investor A who invested $450,000 as a current account, and invested $1,000,000 as a time deposit. (SHOW YOUR CALCULATION)
