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Assume the following: A company is importing and selling Mercedes cars. An Islamic bank invests US$8 million for an 80% profit share. An investor invests
Assume the following:
A company is importing and selling Mercedes cars. An Islamic bank invests US$8 million for an 80% profit share. An investor invests US$2 million for a 20% profit share. The investor is to be paid a 10% management fee as percentage of profit after expenses. Assume: Sale proceeds = US$12, 400, 000 Expenses = US$200, 000 Calculate total return to bank and investor?
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