Bank Shari'ah provides Musharaka mutanaqisah financing to Moorway Corporation for a house development project amounting 10$10,000,000. This amount represents 60% of the total cost of the project. The term of financing is for 5 years and the partner is required to pay back the bank in 5 equal installments yearly. The profit-sharing ratio is agreed at 70:30 (Bank: Partner) and assumed to be constant for the first 2 years of the project. For the next three years, the profit-sharing ratio is 20: 80 . The profits or losses from the project as disclosed by the partner are as follows: How much is the total profitloss allocated to the partner? Bank Shariah provides Musharaka mutanaqisah financing to Moonway Corporation for a house development project amounting to $10,000,000. This amount represents 60% of the total cost of the project. The term of financing is for 5 years and the partner is required to pay back the bank in 5 equal installments yearly. The profit-sharing ratio is agreed at 70:30 (Bank: Partner) and assumed to be constant for the first 2 yoars of the project. For the next three years, the profit-sharing ratio is 20 : 80 . The profits or losses from the project as disclosed by the partner are as follows: How much is the total profit/loss for Bank Shariah? 2,340,0002,4490003,240,0003,420,0002,4300002095,050 d. Click submin ts complete this assessmene. Bank Shari'ah provides Musharaka mutanaqisah financing to Moorway Corporation for a house development project amounting 10$10,000,000. This amount represents 60% of the total cost of the project. The term of financing is for 5 years and the partner is required to pay back the bank in 5 equal installments yearly. The profit-sharing ratio is agreed at 70:30 (Bank: Partner) and assumed to be constant for the first 2 years of the project. For the next three years, the profit-sharing ratio is 20: 80 . The profits or losses from the project as disclosed by the partner are as follows: How much is the total profitloss allocated to the partner? Bank Shariah provides Musharaka mutanaqisah financing to Moonway Corporation for a house development project amounting to $10,000,000. This amount represents 60% of the total cost of the project. The term of financing is for 5 years and the partner is required to pay back the bank in 5 equal installments yearly. The profit-sharing ratio is agreed at 70:30 (Bank: Partner) and assumed to be constant for the first 2 yoars of the project. For the next three years, the profit-sharing ratio is 20 : 80 . The profits or losses from the project as disclosed by the partner are as follows: How much is the total profit/loss for Bank Shariah? 2,340,0002,4490003,240,0003,420,0002,4300002095,050 d. Click submin ts complete this assessmene
