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Question 18 Consider the case of Global Islamic Fund (GIF), which invests only in sukuks. Below is the detail of its restments and out of

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Question 18 Consider the case of Global Islamic Fund (GIF), which invests only in sukuks. Below is the detail of its restments and out of Investments: 1. 55 Mudarabah Sukuks of 50%, and each of Mudarabah Sukuks is of worth $120,000. 2. 67% of 10 Musharakah Sukuks and each of Musharakah Sukuks is of worth $50,000. 3. 60 % of so tjarah Sukuks and each of Ijarah Sukuks is of worth $10,000. Outcome: 1. Each of Mudarabah Sukuks generated a profit of $10,542 over the holding period. 2. Value of Musharakah Sukuks went down by 19% over the holding period. 3. Rental from each of Ijarah Sukuks changed from S626 to $522 over the holding period. Requirements: What is the sukuk portfolio return for IIF over the holding period? Please write your answer in DECIMALs with THREE decimal points

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