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6) Given the following information related to KIB. Operating expenses are KD 200,000: Fees from opening accounts are KD 50,000; Direct income is KD 700,000:
6) Given the following information related to KIB. Operating expenses are KD 200,000: Fees from opening accounts are KD 50,000; Direct income is KD 700,000: Indirect expenses are KD 120,000; and Fees from bank consultations are KD 75,000. The agreed profit-sharing ratio between the Mudarabah depositors and the KIB is 3:5. respectively. Based on the above information, the net income of Islamic bank (Last number in income statement) using the separate investment account method is A KD 317500 B. KD 312500 C. KD 315625 D. KD 332000
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