How to solve the question

106 |AN INTRODUCTION TO ISLAMIC ACCOUNTING THEORY AND PRACTICE EXERCISE QUESTIONS Question 5.1: (a) In the year 2009, Bank Ummah earned annual profit attributable to mudharabah depositors (mudharabah mutlagah] before distributing profit to the Bank amounting to RM 7,500,000. Depositor's profit sharing ratio under mudharabah deposit account is currently at 0.7 (70 : 30 - Depositors: Bank). The following is the information pertaining to deposit types, average balance, and the weights used for mudharabah deposit account in the Bank for the year 2006: Deposit Types Average Balance Weights In Year 2006 6 months & less 25,000,000 0.50 9 months & less 30,000,000 0.75 12 months & less 40,000,000 1.0 More than 12 months 55,000,000 1.25 150,000,000 You are required to compute and determine: i. Weighted average balance for each deposit types. ii. Depositor's share of profit based on the weighted average balance. iii. Depositors rate of return for each deposit types. (7 marks) (b) Based on the depositors rate of return as computed in part (a) above, determine the profit attributable to the following depositors in the Mudharabah General Investment Account of Bank Ummah: iv. A who invested RM300,000 for the duration of 7 months