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Qestion:4 Investors deposit (Four Arbab ul Maal) US$1,200,000 (35:25:20:20) with Islamic Bank under a Mudaraba contract for a period of 12 months and a profit
Qestion:4 Investors deposit (Four Arbab ul Maal) US$1,200,000 (35:25:20:20) with Islamic Bank under a Mudaraba contract for a period of 12 months and a profit allocation set out in the agreement as 50% to the investors (Arbab al Mal) and 50% to Islamic Bank (as Mudarib). Islamic Bank (as Rab al Mal) invests the $1,200,000 in Islamic Enterprises (the Mudarib) with the capital at the profit sharing ratio of 65:35 to develop a new workshop. At the end of the Mudaraba, when the workshop is completed and sold for US$1,600,000. Calculate the share of both partners in tier and tier 1l? Calculate equal profit share of each Rab ul Maal in tier
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