4 Asad signs a one-year Takaful contract with Giga operator, who manages Takaful Fund on Wakala-Mudaraba basis. Gigs operator charges a wakala fee of 19%. The remaining contribution from each participant is divided into Participant risk fund (PRF) and Participant investment fund (PIP), such that 25% of the remaining contribution is invested in PIF. The funds in the PIF account are invested under the supervision of both the operator and Shariah Advisory Board. Suppose that there are 299 participants in the Takaful Fund, who each provide an initial contribution of 2,019 AED. All started their contributions at the same time with the same terms of the contract. Suppose that there is 16% average return on the accumulated funds in PIF at the end of the year. The Takaful Fund is renewed every year, the surplus is distributed to the participants on yearly basis and claims are settled into the account at the end of the year. What will be the amount of profit eamed on the PIF account, if not claims are made during the year? Please write your final answer in the box below and elaborate on all the steps for calculation in the space provided in the next questions QUESTION 5 Please elaborate on the steps that you followed to get the profit in the above question TTTT Paragraph 800957 Arial 3 (12pt) T T EET Of Mashups Click Save and Submit to save and submit. Click Save All Answers to save all answers. TML CSS Book Air QIX2 Save All Answers