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Imran is an entrepreneur who has entered into a two-tier mudarabah contract(Re-mudaraba) with Abdul. Abdul is the Rabbul mal and has deposited 50,000 with Dubai
Imran is an entrepreneur who has entered into a two-tier mudarabah contract(Re-mudaraba) with Abdul. Abdul is the Rabbul mal and has deposited 50,000 with Dubai Islamic Bank (Mudarib 1)who has provided capital to Imran(Mudarib 2). Imran has agreed to share profits with DIB 70:30 in DIB's favour. DIB has agreed to share profits 40:60 in Abdul's favou Imran's business has made a profit 20 000. How much can Abdul expect to receive?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, William J. Kretlow
11th Edition
0324653506, 978-0324653502
