a) Colourful Star Inc. deposited RM18,000 in Mudharabah General Investment Account (MGIA) for six months commencing from 18/1//20 until 18/7/20 with declared rates as follows: Monthly Interval Rates 16/1/20 15/2/20 3.20% 16/2/20 15/3/20 3.25% 16/3/20 15/4/20 3.17% 16/4/20 15/5/20 3.12% 16/5/20 15/6/20 3.20% 16/6/20 15/7/20 3.30% 16/7/20 15/8/20 3.40% Instructions: Compute dividends due on this account at the end of the investment period. (20 marks) b) Abdul Muhaimin has a shortage of reserve to set up his own business in landscape design. His friend Abdul Rahim offers to use his gold bar worth RM 15, 900 to get financing for one year from Bank Muamalat. Below are information provided by the bank officer. Collateral Value (RM) Custodial fee (% per month) 1 9,999 1.55 10,000 15,999 16,000 19,999 1.84 2.19 20,000 & above 2.60 Note: Margin of financing is up to 90% of collateral value Please answer the following questions;

i. What is the total fee that Abdul Muhaimin should pay to the bank? (4 marks) ii. Why do you think the fees charged by the bank is fair to all parties involved in this contract? iii. Calculate the effective annual rate (EAR) of the custodial fee. (2 marks) iv. Explain four Islamic contracts underlined this financing.