Question
For the accounting year ending 31st December 2021, Bank Bder earns a profit of $25,000,000 on the balances in equity investment accounts. The profit-sharing ratio
For the accounting year ending 31st December 2021, Bank Bder earns a profit of $25,000,000 on the balances in equity investment accounts. The profit-sharing ratio between Mudharabah deposit account holders is 80%. The following details the deposit types, average balance, and the weights used for Mudharabah deposit accounts of the bank in 2021.
Investment categories | Total Amount | Weightages |
Defined deposits | 24119000.00 | 60% |
Investment Certificates | 50000000.00 | 90% |
Iqra | 30000000.00 | 83% |
Tejoori | 80000000.00 | 43% |
Required:
Ignore transfers to profit equalization reserves and investment risk reserve.
blank What is the weighted average of the 'Defined Deposit?
blank Calculate the profit of the 'Investment Certificates'.
blank What is the rate of return Tejoori account holders?
Not in the list $14471400.00 7.24% 16.84% Not in the list $7577581.81
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