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a. Umar Fawwaz is planning to do a AirBnb business. He asks for additional capital amounting to RM800,000 from his cousin, Ayra Amanda. Umar Fawwaz

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a. Umar Fawwaz is planning to do a AirBnb business. He asks for additional capital amounting to RM800,000 from his cousin, Ayra Amanda. Umar Fawwaz and Ayra Amanda are decided to distribute the profit or loss of the business 40:60 respectively. i. Based on above situation, explain the contract used between Umar Fawwaz and Ayra Amanda with relevant illustration of modus operandi. (20 marks) ii. After one year running the business, they made a profit of RM300,000. How much the profit will Umar Fawwaz and Ayra Amanda get respectively? (5 marks) iii. In early 2021, their business was affected due to implementation of Movement Control Order (MCO) MCO by Malaysia government. Pursuant to this, the total loss amounting to RM50,000 were recorded. Explain this situation. (5 marks) iv. Instead of distributing the profit of the business based on the pre agreed ratio, Ayra Amanda asks for a payment of RM2000 per month as a return of the capital. What is your opinion about Ayra Amanda's request? (10 marks) b. Two years ago, Dato' Megat asked SNP contractor Berhad for a house to be constructed on his empty property. The house was complete according to the schedule. However, Dato' Megat realized that the house was not built according to his requirements. Please advise Dato' Megat on the need for this. Justify your answer by referring to the Islamic contract (10 marks) a. Umar Fawwaz is planning to do a AirBnb business. He asks for additional capital amounting to RM800,000 from his cousin, Ayra Amanda. Umar Fawwaz and Ayra Amanda are decided to distribute the profit or loss of the business 40:60 respectively. i. Based on above situation, explain the contract used between Umar Fawwaz and Ayra Amanda with relevant illustration of modus operandi. (20 marks) ii. After one year running the business, they made a profit of RM300,000. How much the profit will Umar Fawwaz and Ayra Amanda get respectively? (5 marks) iii. In early 2021, their business was affected due to implementation of Movement Control Order (MCO) MCO by Malaysia government. Pursuant to this, the total loss amounting to RM50,000 were recorded. Explain this situation. (5 marks) iv. Instead of distributing the profit of the business based on the pre agreed ratio, Ayra Amanda asks for a payment of RM2000 per month as a return of the capital. What is your opinion about Ayra Amanda's request? (10 marks) b. Two years ago, Dato' Megat asked SNP contractor Berhad for a house to be constructed on his empty property. The house was complete according to the schedule. However, Dato' Megat realized that the house was not built according to his requirements. Please advise Dato' Megat on the need for this. Justify your answer by referring to the Islamic contract (10 marks)

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