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Al-Ameen Islamic Bank provides Musharakah Muataqisah financing to Shanana Corporation for water piping project amounting to RM7,000,000. This amount represent 70% of the total cost

Al-Ameen Islamic Bank provides Musharakah Muataqisah financing to Shanana

Corporation for water piping project amounting to RM7,000,000. This amount

represent 70% of the total cost of the project. The term of financing is for 6 years and

the partner is required to pay back to the bank in 6 equal instalment. The profit sharing

ratio is agreed at 70:30 (Bank:Partner). The profits and losses as disclosed by the

partner are as follows:

Year 1 : (RM1,000,000)

Year 2 : (RM500,000)

Year 3 : RM2,500,000

Year 4 : (RM750,000)

Year 5 : RM2,000,000

Year 6 : RM4,000,000

Determine the profits or losses that should be recognized by both partners from year

1 to year 6 using the appropriate complete table.

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