islamic finance case.

this paragraph is divided into 3 scenario. there are almost 30 mistakes in these scenarios and i need help to find them.

- X,Y and Z each decide to take out a general Takaful policy with Halal Insurance (HI) to provide protection for their families against them dying or suffering a short or long-term disability which will result in expenses such as funeral costs and/or hospital bills. - X and Y pay each an annual contribution of 5,000;Z does not pay anything - This contribution is divided into three portions: (i) the underwriting (mortality and sickness risk) fund; (ii) the Participants' Risk Fund (PRF); and (iii) the Participants' Investment Fund (PIF) - The mortality and sickness benefit may be specified in the contract - The PFI is similar to an expenses plan with a maturity of 10 years - HI is an independent association - HI's share capital and reserves (shareholders' fund) are maintained together from the participants' funds = PIF and PRF - HI manages the PRF on a Mudaraba basis and the PIF on a Wakala basis - In the PIF, the participants act as Mudarib and HI as Arbab al Mal - According to the Mudaraba agreement, the profit sharing ratio between HI and the participants is respectively 80/20% - HI, as Wakil (agent) for the PIF, invests the fund's money in Sharia' compliant investments. - During a lunar year, the PRF generates C10million. - HI's fees are calculated as 50% of the profit (5,000,000). - The remaining surplus ( 5m) belongs to the participants and is retained in the Shareholders' Fund to provide HI equity for solvency purposes - In the PRF, HI as Wakil invests the fund's money in Sharia' compliant investments - During a solar year the PRF generates 620m. - Hi's fees, as Wakil, are 616m (80\% of the profit) - The remaining profit (4m) belongs to the Shareholders and would normally be partially shared with the PIF - In case of death of X after the maturity of the investment policy, HI as Mudarib of the participants' funds will pay Z's heirs an unspecified death benefit. - At the end of the Takaful agreement (i.e. 10 years), the PRF will pay back the shareholders' capital - X,Y and Z each decide to take out a general Takaful policy with Halal Insurance (HI) to provide protection for their families against them dying or suffering a short or long-term disability which will result in expenses such as funeral costs and/or hospital bills. - X and Y pay each an annual contribution of 5,000;Z does not pay anything - This contribution is divided into three portions: (i) the underwriting (mortality and sickness risk) fund; (ii) the Participants' Risk Fund (PRF); and (iii) the Participants' Investment Fund (PIF) - The mortality and sickness benefit may be specified in the contract - The PFI is similar to an expenses plan with a maturity of 10 years - HI is an independent association - HI's share capital and reserves (shareholders' fund) are maintained together from the participants' funds = PIF and PRF - HI manages the PRF on a Mudaraba basis and the PIF on a Wakala basis - In the PIF, the participants act as Mudarib and HI as Arbab al Mal - According to the Mudaraba agreement, the profit sharing ratio between HI and the participants is respectively 80/20% - HI, as Wakil (agent) for the PIF, invests the fund's money in Sharia' compliant investments. - During a lunar year, the PRF generates C10million. - HI's fees are calculated as 50% of the profit (5,000,000). - The remaining surplus ( 5m) belongs to the participants and is retained in the Shareholders' Fund to provide HI equity for solvency purposes - In the PRF, HI as Wakil invests the fund's money in Sharia' compliant investments - During a solar year the PRF generates 620m. - Hi's fees, as Wakil, are 616m (80\% of the profit) - The remaining profit (4m) belongs to the Shareholders and would normally be partially shared with the PIF - In case of death of X after the maturity of the investment policy, HI as Mudarib of the participants' funds will pay Z's heirs an unspecified death benefit. - At the end of the Takaful agreement (i.e. 10 years), the PRF will pay back the shareholders' capital