Question 2

In the year 2021, Bank Ummah earned annual profit attributable to Mudarabah depositors (MudarabahMutlaqah) before distributing profit to the Bank amounting to RM1,500,000. Depositors profit sharing ratio under Mudarabah deposit account is currently at 0.7 (70:30 Depositors: Bank). The following is the information pertaining to deposit types, average balance, and the weights used for Mudarabah deposit account in the Bank for the year 2021:

Deposit Types	Average Balance (2016)	Weights	Weighted Average Balance	Depositors Share	Depositors Rate of Return
6 months & less	5,000,000	0.5
9 months & less	6,000,000	0.75
12 months & less	8,000,000	1.0
More than 12 months	11,000,000	1.25
	30,000,000

(b) Based on the depositors rate of return as computed in part (a), determine the profit attributable to the following depositors in the Mudharabah general Investment Account of Bank Ummah:

i. A who invested RM300,000 for the duration of 7 months

ii. B who invested RM420,000 for the duration of 2 months

iii. C who invested RM230,000 from 1st July 2020 to 8 March 2021.

Question 2 In the year 2021, Bank Ummah earned annual profit attributable to Mudarabah depositors (Mudarabah Mutlaqah) before distributing profit to the Bank amounting to RM1,500,000. Depositor's profit sharing ratio under Mudarabah deposit account is currently at 0.7 (70:30 - Depositors: Bank). The following is the information pertaining to deposit types, average balance, and the weights used for Mudarabah deposit account in the Bank for the year 2021: (a) Calculate the following: i. The amount of profit due to depositors. ii. Weighted average balance for each deposit types. iii. Depositor's share of profit based on the weighted average balance iv. Depositors rate of return for each deposit types. (b) Based on the depositors rate of return as computed in part (a), determine the profit attributable to the following depositors in the Mudharabah general Investment Account of Bank Ummah: i. A who invested RM300,000 for the duration of 7 months ii. B who invested RM420,000 for the duration of 2 months iii. C who invested RM230,000 from 1st July 2020 to 8 March 2021