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Part 4: Application (8 marks) (B1, C1): Investor (X) has entered into a mudharabah (joint venture) contract with Islamic Bank in which the Investor provides

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Part 4: Application (8 marks) (B1, C1): Investor (X) has entered into a mudharabah (joint venture) contract with Islamic Bank in which the Investor provides monetary capital of $8,000,000 to be managed and invested by the Bank. The Bank provides (Mudharabah Al-Muqayadah) restricted investment account facility whereby the Bank will invest in a specific project as agreed by the client. For this project there is another investor, Investor (X) who had agreed to invest $4,000,000. The profit sharing between three of them (is 4:2:2 for Investor X, Investor Y and the Bank respectively. The Bank then entered into another mudharabah contract (Re-Mudharabah) with Investor Z to undertake a housing development project and they had agreed on the profit sharing ratio of 75:25 (Bank: Investor Z). The Bank had agreed to contribute the $12,000,000 as monetary capital based on a four-year mudharabah financing contract (mudharabah muqayaddah). Assume the follo Required: Determine the profit/loss of the above transactions. Show how profit/loss will be allocated for all parties involved based on: 1. Each Period method and

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