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Bank Shari'ah provides Musharaka mutanaqisah financing to Moonway Corporation for a house development project amounting to $10,000,000. This amount represents 60% of the total cost of the project. The term of financing is for 5 years and the partner is required to pay back the bank in 5 equal installments yearly. The profit-sharing ratio is agreed at 70:30 (Bank: Partner) and assumed to be constant for the first 2 years of the project. For the next three years, the profit-sharing ratio is 20:80. The profits or losses from the project as disclosed by the partner are as follows: How much is the total profitloss for Bank Shariah? 2,340,0002,443,0003,240,0003,420,0002,430,0002,435,000 Bank Shariah provides Musharaka mutanaqisah financing to Moonway Corporation for a house development project amounting to $10,000,000. This amount represents 60% of the total cost of the project. The term of financing is for 5 years and the partner is required to pay back the bank in 5 equal installments yearly. The profit-sharing ratio is agreed at 70:30 (Bank: Partner) and assumed to be constant for the first 2 years of the project. For the next three years, the profit-sharing ratio is 20:80. The profits or losses from the project as disclosed by the partner are as follows: How much is the total profitloss allocated to the partner? 705,000 750,000 507,000 500.700 570,000 700,500

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