Suppose Al Baraka Islarnic Bank, a multinational bank (MNB) located in Bahrain has BD20 million surplus funds and plans to generate some retum by offering this fund in interbank market in Barain on Mudaraba baad firancing Suppose, Ithmaar bank needs similar amounts of funds for the same tenure. 1. Both parties agree on 60 40 Mudaraba profit sharing ratio in favor of Al Baraka Bank 2. Suppose Ithmaar bank declares profits of 4% per annum before distribution

3. The tenure of this transaction is 30 days Required:

Question 1:

How much profits Al baraka will receive? Show your work

Suppose Al Baraka amc Bank, a multinational bank (MNB) located in Bahrain his BC20 mition suples funds and plans to go some retum by ring the tund s Suppose, Ithmaar bank needs similar amounts of funds for the same lenam 1. Both parties agree on 00:40 Mudaraba prott sharing ratios favor of Al Barak 2. Suppose thmaar bank declares profits of 4% per annum before distribution 3. The tenure of this transaction is 30 days Required: Question 1: How much profits Al baraka will receive? Show your work