Question
ADIB has signed a Musharaka contract with ADIA. ADIA provided 22 % capital contribution in the project and agreed to the same profit-sharing percentage (22%).
ADIB has signed a Musharaka contract with ADIA. ADIA provided 22 % capital contribution in the project and agreed to the same profit-sharing percentage (22%). In addition, ADIB appointed ADIA as a professional manager on a fee-based arrangement to manage the project. Suppose that at the end of the first year the project generates a loss of AED 19,782. What will be the loss share of ADIA?
Note: Please write your final answer in the box below. Please write your detailed calculation steps for calculations in the space provided in the next question.
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