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You signed a one-year Takaful contract with Giga operator, who manages Takaful Fund on a Wakala- Mudaraba basis. Giga operator charges a wakala fee of 24 percent. The remaining contribution from cach participant is divided into Participant risk fund (PRF) and Participant investment fund (PIF). The distrbution is such that 46% of the contribution after deducting wakala fee is invested in PRF and the remaining contribution is invested in PIF The funds in the PIF account are invested under the supervision of both the operator and Shariah Advisory Board. Suppose that there are 255 participants in the Takaful Fund, who each provide an initial contribution of 1,449 AED. All started their contributions at the same time with the same terms of the contract. Suppose that there is 12% average return on the accumulated funds in PIF at the end of the year. The Takaful Fund is renewed every year, the surplus is distributed to the participants on yearly basis and claims are settled into the account at the end of the year. What will be the amount of profit eamed on the PIF account, if no claims are made during the year? You signed a one-year Takaful contract with Giga operator, who manages Takaful Fund on a Wakala- Mudaraba basis. Giga operator charges a wakala fee of 24 percent. The remaining contribution from cach participant is divided into Participant risk fund (PRF) and Participant investment fund (PIF). The distrbution is such that 46% of the contribution after deducting wakala fee is invested in PRF and the remaining contribution is invested in PIF The funds in the PIF account are invested under the supervision of both the operator and Shariah Advisory Board. Suppose that there are 255 participants in the Takaful Fund, who each provide an initial contribution of 1,449 AED. All started their contributions at the same time with the same terms of the contract. Suppose that there is 12% average return on the accumulated funds in PIF at the end of the year. The Takaful Fund is renewed every year, the surplus is distributed to the participants on yearly basis and claims are settled into the account at the end of the year. What will be the amount of profit eamed on the PIF account, if no claims are made during the year