Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 31, 2024

Abu Dhabi Islamic Bank(ADIB) has signed a contract with Mahmoud to make Investment in industry. The financing in AD have agreed upon ADIB-70%, Mahmoud-30% profit

Abu Dhabi Islamic Bank(ADIB) has signed a contract with Mahmoud to make Investment in industry. The financing in AD have agreed upon ADIB-70%, Mahmoud-30% profit sharing ratio. What kind of contract is it and why

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Money Banking And Financial Markets

Authors: Stephen G. Cecchetti

1st Edition

0072452692, 9780072452693

More Books

Students also viewed these Finance questions

Question

★★★★★

Which components of operating expenses experience the greatest fluctuations? Why?

Answered: 1 week ago

Question

★★★★★

Spock Corporation uses the equity method to account for its ownership of 30% of the common stock of English Packing. During 2012, English reported a net income of $80,000 and declares and pays cash...

Answered: 1 week ago

Question

★★★★★

Each of two boxes contain 20 red balls and 30 black balls. We select a ball from the first box randomly and place it into the second one. Then, we select a ball from the second box and place it into...

Answered: 1 week ago

Question

★★★★★

Donaldson sold plumbing supplies. The St. Paul-Mercury Indemnity Co., as surety for him, executed and delivered a bond to the state of California for the payment of all sales taxes. Donaldson failed...

Answered: 1 week ago

Question

★★★★★

A cash equivalent is: Options: An investment readily convertible to a known amount of cash. Close to its maturity date but its market value may still be affected by interest rate changes. Generally...

Answered: 1 week ago

Question

★★★★★

4. The Audit tab lists data from 10000 tax returns that were randomly selected for a first-pass audit. Flag returns whose charitable contributions fall outside of the rough estimate of a 95%...

Answered: 1 week ago

Question

★★★★★

1. Hardly there is any location which can be ideal or perfect. One has to strike a balance between various factors affecting plant location. Some factors are crucial in deciding the location of the...

Answered: 1 week ago

Question

★★★★★

What is meant by producing in a "pull" rather than a "push" environment when adopting a lean process? (LO3.4)

Answered: 1 week ago

Question

★★★★★

How can situational leadership be used to improve diversity in organizations?

Answered: 1 week ago

Question

★★★★★

Determine the true cost of each employee. In addition to the items listed below, each employee has been hired through an agency charging a fee of 20% of each employee's base salary. Your first three...

Answered: 1 week ago

Question

★★★★★

Out of the push and pull inventory systems, which is better for a small business that stocks nondurable food items? Please provide a reference and a practical example.

Answered: 1 week ago

Question

★★★★★

=+which it operates?

Answered: 1 week ago

Question

★★★★★

=+2. Define corporate social responsibility. What arguments in favor of CSR seem most important to you?

Answered: 1 week ago

Question

★★★★★

=+How should we organize a book to maximize learning and interest

Answered: 1 week ago

Previous Question Next Question