Question
Please do this question in your copy, make a table like we made in class, scan it, and upload it BB. You have total 1
Please do this question in your copy, make a table like we made in class, scan it, and upload it BB. You have total 1 hour for it.
Alfalah Islamic Bank needed PKR 1500,000 for starting one of its new branch in Gulshan. They have PKR 500,000 as an investment in this branch. For other PKR 1000,000 they plan to attract their customers insted of taking a loan from anywhere.
Alfalah Islamic Issued Musharka Certificates in the market, each certificate cost PKR 5,000 having a maturity of 5 years. They planned to purchased 100 shares themselves while remaining shares to float in the market. Following was the response from customers. Name Shares Fahad 30 Yashara 50 Saud 20 Fariha 40 Younus 25 Asif 35
Alfalah Islamic planned that 60% of the profit will be distributed amoung investors "As per the ratio of investment" While the remaining profit belongs to Bank. Annual report shows the following information for 1st five years. Years Profit/(Loss) 1 (78,000) 2 (23,000) 3 29,000 4 63,000 5 103,500
Calculate and Identify what amount every investor Investor will recieve in each year.
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