Question
nvestors deposit (Arbab ul Maal) US$2,000,000 (45:30:25) with Islamic Bank under a Mudaraba contract for a period of 12 months and a profit allocation set
nvestors deposit (Arbab ul Maal) US$2,000,000 (45:30:25) with Islamic Bank under a Mudaraba contract for a period of 12 months and a profit allocation set out in the agreement as 50% to the investors (Arbab al Mal) and 50% to Islamic Bank (as Mudarib). Islamic Bank (as Rab al Mal) invests the $2,000,000 in Islamic Enterprises (the Mudarib) with the capital at the profit sharing ratio of 65:35 to develop a new workshop. At the end of the Mudaraba, when the workshop is completed and sold for US$2,800,000. Calculate profit share of each Rab ul Maal in tier I as per their capital investment.
. Single choice.
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