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(Total: 8 marks) Seif Company entered into a Mudaraba contract with Bank Muamalat where it provides monetary capital of $400,000 for investments. The Bank provides

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(Total: 8 marks) Seif Company entered into a Mudaraba contract with Bank Muamalat where it provides monetary capital of $400,000 for investments. The Bank provides a Mudaraba Al-Muqayadda investment account facility whereby the Bank will invest in a specific project as agreed by the company. An investor. Hana Company also agreed to invest $200,000 into the project. The profit sharing between the three is 4:2:1 for Seif Company, Hana Company, and the Bank respectively. Bank Sharia then entered into another Mudaraba contract (Re-Mudaraba) with Eimran Company to undertake a housing development project. The mudarib agreed on a profit-sharing ratio of 75:25 (Bank: Eimraan Company). Bank Muamalat contributed $600,000 as monetary capital based on a four-year Mudaraba financing contract (Mudaraba muqayadda). Assume the following resuits of the venture: You are required to: Determine the profitloss allocation to all parties (companies and bank) based on the following: (i) Each Period method; and (ii) End of Contract method of profit recognition

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