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The following are relevant information pertaining to the results of the business operations for Maisarah Islamic Window for the year 2020: Income from Operations 4900000
The following are relevant information pertaining to the results of the business operations for Maisarah Islamic Window for the year 2020: Income from Operations 4900000 Expenses from Operations 1180000 460000 Indirect Income (Fee Based) Indirect Expenses 220000 The above profit from operation is prior to the distribution of profit to mudharabah depositors. The agreed profit sharing ratio between the Bank and mudharabah depositors is 60:40 respectively. Required: Assuming that the pooling Method is used, calculate the net profit/loss to the Islamic Bank (Before Tax and Zakat)
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