Imagine that on 20-April-2001, a 5 years Musharakah contract between Global Market Fund (GMF) and Global Investment Company (GIC) to buy a food processing unit takes place, where GMF contributes 70% and GIC contributes 30% of the underlying assets. As per the terms of the contract GMF will provide 50% of his Musharakah capital contribution at the beginning of the contract and rest at the end of the first year. Suppose that GMF is unable to provide the his Musharakah capital contribution at the end of first year. In such a situation following is the truest option

4. None of above QUESTION 6 Imagine that on 10-April-2001, a 5 years Muharakah contract between Global Market (GMP) and Com contributes 70% and GIC contributes 30% of the underlying As per the terms of the IMF provides his and rest at the end of the first year. Suppose that GMF is unable to provide the hia Marsh capital de definir 1. May terminate the contract May not terminate the contract 2. 3 May agree to revise the contract Both 1 & 3 QUESTION 6 Imagine a 5 years contract between Global Market Fund (GMF) and Global Investment Company (GIC) where GMF fully finance one of the food processing unit The agreed profit rate between GMF and GIC is 70%: 30% from GMF to GIC. The type of Musharakah contract is Temporary - Save and Submit to save and submit. Click Save All Answers to save all answers