QUESTION 2 As a CEO of Gempak Gempur Sdn Bhd, Datuk Ikhwan would like to apply a line of credit for home renovation. However, the bank asked him to put a collateral for the purpose of security. Datuk Ikhwan asked some advice from Mrs Fauzana, his personal assistant who had graduated in BBA(Hon) Islamic Banking. Below is Datuk Ikhwan's personal financial information. No 1 2 3 RM 60,000 35,000 150,000 4 5 6 7 8 9 250,000 1,200 2,000 50,000 500,000 77,000 Asset Stocks Balance in Tabung Haji Personal Loan with RHB Bank BMW Car Sijil Simpanan Premium Groceries Bank deposit Land Hire purchase of Harley Davidson (balance) Public Mutual Unit Trust Credit card balance with Bank Siap Siaga Marketable securities Collectibles Savings with CIMB Bank Telephone bills Deposit in OSK Investment account Townhouse financing balance at Damansara Utama 10 11 3,000 4,500 12 13 14 15 16 5,000 25,000 55,000 3,000 10,000 17 300,000 From the information given above: a) Prepare a year-end personal balance sheet for Datuk Ikhwan. QUESTION 2 As a CEO of Gempak Gempur Sdn Bhd, Datuk Ikhwan would like to apply a line of credit for home renovation. However, the bank asked him to put a collateral for the purpose of security. Datuk Ikhwan asked some advice from Mrs Fauzana, his personal assistant who had graduated in BBA(Hon) Islamic Banking. Below is Datuk Ikhwan's personal financial information. No 1 2 3 RM 60,000 35,000 150,000 4 5 6 7 8 9 250,000 1,200 2,000 50,000 500,000 77,000 Asset Stocks Balance in Tabung Haji Personal Loan with RHB Bank BMW Car Sijil Simpanan Premium Groceries Bank deposit Land Hire purchase of Harley Davidson (balance) Public Mutual Unit Trust Credit card balance with Bank Siap Siaga Marketable securities Collectibles Savings with CIMB Bank Telephone bills Deposit in OSK Investment account Townhouse financing balance at Damansara Utama 10 11 3,000 4,500 12 13 14 15 16 5,000 25,000 55,000 3,000 10,000 17 300,000 From the information given above: a) Prepare a year-end personal balance sheet for Datuk Ikhwan