QUESTION 9 Suppose you entered into a one-year Takaful contract with RAK operator, who manages a Takaful Fund on Waknis basis of amic contract. The agreed initial Contribution by each member in Takaful Fund with RAK operatoris 3,980 AED for one year. Out of 3,980 AED, 14 % goes to the operator a Wakala Fee. The rest of the contribution goes to the Participant risk fund (PR) and Participant investment fund (Pi) such that 31 % goes to PF and the romaring to PRF. The funds in the PF account are nverted under the supervision of both the operator and the Shariah Advisory Board. Suppose that there are 214 participants in the Tokatu Fund who provided the initial investments for the Takaful Fund and all started their contributions at the same time with the same terms of the contract. Further suppose that there is 4 % average return on the accumulated funds in PIF at the end of the year. The takaful fund is renewed every year, the surplus is distributed to the participants on yearly bonis and claims are settled into the account at the end of the year. Lising all the above information: What will be your personal profit share in the PIF at the end of the year? Note: Please write your final aver in the box below. Please site detailed callion step for all in the space provided in the next question QUESTION 9 Suppose you entered into a one-year Takaful contract with RAK operator, who manages a Takaful Fund on Waknis basis of amic contract. The agreed initial Contribution by each member in Takaful Fund with RAK operatoris 3,980 AED for one year. Out of 3,980 AED, 14 % goes to the operator a Wakala Fee. The rest of the contribution goes to the Participant risk fund (PR) and Participant investment fund (Pi) such that 31 % goes to PF and the romaring to PRF. The funds in the PF account are nverted under the supervision of both the operator and the Shariah Advisory Board. Suppose that there are 214 participants in the Tokatu Fund who provided the initial investments for the Takaful Fund and all started their contributions at the same time with the same terms of the contract. Further suppose that there is 4 % average return on the accumulated funds in PIF at the end of the year. The takaful fund is renewed every year, the surplus is distributed to the participants on yearly bonis and claims are settled into the account at the end of the year. Lising all the above information: What will be your personal profit share in the PIF at the end of the year? Note: Please write your final aver in the box below. Please site detailed callion step for all in the space provided in the next