Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Modarb'ah pool is managed in Islamic NBFIs with the following necessary informations: Modarbah Pool Value: 1000 Million PKR Profit Ratio Participant: Islamic NBFIs (40:60) No

Modarb'ah pool is managed in Islamic NBFIs with the following necessary

informations:

Modarbah Pool Value: 1000 Million PKR

Profit Ratio Participant: Islamic NBFIs (40:60)

No of Investors: 1000 Persons

Net Profit: 200 Million PKR

Tax on Modarbah Pool 10 % on Gross Profit

Calculate the following heads with above necessary information:

a. Investment per Investor

b. Profit Assigned to each Partner

c. Profit-Investment Ratio for Each Invesor

d. Gross Profit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Legal Environment Today Summarized Case Edition

Authors: Roger LeRoy Miller

8th Edition

130526276X, 978-1305279407, 1305279409, 978-1305704930, 1305704932, 978-1305262768

More Books

Students also viewed these Finance questions

Question

Under what conditions is the following SQL statement valid?

Answered: 1 week ago