PART 3: CALCULATION QUESTIONS(15marks)

Direction: Answer the following question by using the required calculation and facts.(15Marks)

1. Partner A & Partner B entered into Mudarabah contract of 2 years. Partner A invested BD6000/- as part of capital investment. Profit and loss ratio will be 70:30. Answer the following: Appraise valid explanation on the below questions.

A. Who is the Mudarib ? Rab ul Mal?why?(5marks)

B. Is this transaction Sharia Compliant? State the rulings? (3marks)

C. Can partner A terminate the contract on his own? Why? ( 2marks)

D. Profit of BD 15000/-accumulated during the year after deducting admin expenses of BD1000/- how much will be PLS between the two? Show the Computation.(5marks)