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Consider the case of the International Islamic Fund (IIF) which invests only in sukuks. Below are the details of its investments and return on the

Consider the case of the International Islamic Fund (IIF) which invests only in sukuks. Below are the details of its investments and return on the investments. The fund manager invested in 372 Mudaraba Sukuks with a profit share of 33%. The value of each Mudaraba Sukuks is AED 76,369. Furthermore, the fund manaegr holds 32% share in 506 Musharaka Sukuks. The profit share of the mushsaraka suku is 13% and each sukuk is valued AED 54,484. Suppose, each of the Mudaraba Sukuks generated a profit of AED 17,543 over the holding period, whereas, the value of Musharaka Sukuks went down by 40 % over the holding period. What is the percentage return for IIF over the holding period?

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