Islamic accounting undergraduate student… Investors deposit OMR 1000,000 with Islamic Bank under a Mudaraba contract for a period of 12 months and a profit allocation set out in the agreement as 80% to the investors and 20% to Islamic Bank. The investors receive Mudaraba Certificates (investment deposit certificates) in exchange for their deposits. Subsequently, Islamic Bank invests the OMR 1000,000 in Islamic Enterprises, 

MirrerCold Enterprise Private Limited to build a new factory. MirrerCold Enterprise Private Limited contributes its expertise in managing the project, but no capital. MirrerCold Enterprises is responsible for the day-to-day management of the project and will deduct its management fee from the profits of the development. MirrerCold Enterprises\' Mudarib share is based on a percentage of the profit and agreed to be 30% and 70% belongs to Bank. At the end of the Mudaraba, when the factory is completed, it is sold at a pre-agreed amount of OMR 1200,000. Islamic Bank recovers its OMR 1000,000 capital and the OMR 200,000 profit is returned. 

Explain how the deposit products of an Islamic Bank differs from conventional deposits. 

Explain what is two-tier Mudharaba.  Analyze with relevant calculation how the profit is shared between the Islamic Bank and MirrerCold Enterprise Private Limited and the Bank and the Depositors in each stage of the two tier Mudharaba as explained in the case above.