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Ahmed is a capital provider who provides RM 1000,000.00 to an Islamic bank as an intermediary and shares profit at the ratio of 70:30 respectively.
Ahmed is a capital provider who provides RM 1000,000.00 to an Islamic bank as an intermediary and shares profit at the ratio of 70:30 respectively. Then the Islamic bank entered into another Mudharabah contract (restricted Mudharabah) with an entrepreneur and share profit at a ratio of 60:40 respectively. You are required to determine the profit or loss to be shared at the end of the contract if profit is RM 400,000.00 and loss is RM 200,000.00 [30 Marks]
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