islamic finance

Question 3 (2 Marks) The following are information of the operations for Islamic Bank of Nizwa (IBN) for the year 2019: Revenue from Fin. Oper. Inv. Act. 400 million Cost of Fin. Oper. Inv. Act. 335 million Indirect Expenses 76 million Fee Based Income 24 million The profit from operation is before the distribution of profit to "Mudharabah" depositors. Profit sharing ratio: 80% bank, 20% depositors. Calculate profit of IBN using SIAM (Separate Investment Account Method). Calculate profit of IBN using PM (Pooling Method). Which method provides higher profit to bank? Question 4 (2 Marks) Ali is interested in purchasing a house worth 51,750 OMR. Ali goes to Sohar Bank (an Islamic bank) for the purchase of the property and puts down 40% of the price as a down payment. Both parties determined the rental value for the house as 350 OMR per month as the rental value. Based on the rental value and the financing period, the financial institution determined fixed monthly payments as 4,000, which Ali would have to make to own the house. Prepare payment table for this contract. Find the beginning bank ownership. Find the total rent paid. . Find the total extra payments