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3 points Save P Manager of an Islamic Investment Fund (IIF) has extracted the following financial information about Unique Fabric Inc. (UFI), a hypothetical company,

3 points Save P Manager of an Islamic Investment Fund (IIF) has extracted the following financial information about Unique Fabric Inc. (UFI), a hypothetical company, for financial screening of the company to invest in its stocks.. Assets Current assets: 1. Cash: $50,000 2. Receivables: $100,000 3. Marketable securities: $5,000 4. Time deposits: $7,000 5. Commercial papers: $4,000 Long-Term Assets: 1. Plant, Property and Equipment: $150,000 2. Intangible assets: $50,000 3. Musharaka investments: $50,000 4. Mudarabah Investments: $25,000 5. Treasury bonds: $60,000 6. Others Islamic Investment: $99,000. Liabilities Current liabilities: 1. Payables: $35,000 2. Marketable securities: $45,000 3. Short-term bank loans: $20,000 4. Notes payables: $8,000 5. Accruals: $5,000 Long-Term liabilities: 1. Long-Term debt (including lease): $60,000 2. Common Stock: $289,000. 3. Preferred stock: $40,000 4. Paid in capital: $28,000 5. Retained earnings: $70,000 Total Equity: $427,000 Income Statement (Selected Items) Revenue: $103,762 Depreciation: $12,000 Operating income: $60,000 Income received from treasury bonds: $3,014 Income received from marketable securities: $209 Income received from: Mudaraba investments: $4000 Preferred dividends: $108 Interest from the time deposits: $507 NI: $21,000 3. Musharaka investments: $50,000 4. Mudarabah Investments: $25,000 5. Treasury bonds: $60,000 6. Others Islamic Investment: $99,000 Total Assets: $600,000 3. Preferred stock: $40,000 4. Paid in capital: $28,000 Mbaraha investments: $4000 Preferred dividends: $108 5. Retained earnings: $70,000 Total Equity: $427,000 Interest from the time deposits: $507 NI: $21,000 Total Liabilities and Owner's Equity: $600,000 Below are the set of AAOIFI rules applicable for financial screening of Shariah compliant asset selection. 1. (Total interest income + income from non-compliant activities) / total revenues image text in transcribed

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