Prant Rate Question 2 Find the value for X in the table below. Assume the total income earned (y) for a period of one month (x-1) is RM 83550 Funds Assigned Weighted Income Product Type Depositor Depositor Pooled Weight Balance Distribution Ratio Profit (A) (B) (C) (D) (E) Savings 6,500,000 0.88 X 50% 1-month Mudarabah 1,280,000 0.88 X X 55% X 3-month Mudarabah 3,900,000 0.88 X 65% 6-month Mudarabah 1,800,500 0.88 72% 9-month Mudarabah 338,000 0.88 X 80% X 12-month Mudarabah 450,000 0.88 X Total 14,268,500 X (H) X X X X X 86% Question 2 Find the value for X in the table below. Assume the total income earned (y) for a period of one month (x-1) is RM 83550 Funds Assigned Weighted Income Product Type Depositor Depositor Pooled Weight Balance Distribution Ratio Profit (B) (C) (D) (E) (F) Savings 6,500,000 0.88 50% 1-month Mudarabah 1,280,000 0.88 X 55% 3-month Mudarabah 3,900,000 0.88 X 65% X 6-month Mudarabah 1.800,500 0.88 X 72% X 9-month Mudarabah 338.000 0.88 80% X 12-month Mudarabah 450,000 0.88 X 86% Total 14,268,500 (H) X Profit Rate (G) X X X X X X FINC 1301 Foundation of Islamic Finance Exercise - Q2 Hibah computation Funds Pooled (A) Product Type Assigned Weight (B) Weighted Balance (C) Income Distribution (D) Profit Rate (G) Depositor Depositor Ratio Profit (E) (F) 55% Savings 5,500,000 0.85 60% 1-month Mudarabah 0.85 1,300,000 X 70% 3-month Mudarabah 4.100.000 0.85 75% X 6-month Mudarabah 0.85 1,700,000 x x 80% 380,000 9-month Mudarabah 0.85 X 490,000 12-month Mudarabah 0.85 85% (H) Assume Total income earned (y) for a period of one month (x = 1) is RM65,000. Computational Notes: Funds Pooled (A) - Total balance of all accounts for the given product type Assigned Weight (B) = Based on guidelines/stipulations by regulatory authority Weighted Balance (C) = Funds Pooled (A) x Assigned Weight (B) Income Distribution (D) Weighted Balance (C) Total Weighted Balance (H) Total Income Earned (y) Depositor Ratio (E) = Profit Sharing Ratio, as agreed with the depositor (in the case of mudarabah) or discretionary on the part of the bank (in the case of hibalt) Depositor Profit (F) = Income Distribution (D) x Depositor Ratio (E) Profit Rate (G) Depositor Profit (E) Total no. of months in a year x 100% Funds Pooled (A) No. of months income earned over (x)