course : islamic accountingplease solve the following question Multilateral...
70.2K
Verified Solution
Link Copied!
Question
Accounting
course : islamic accountingplease solve the following question 
Multilateral Mudaraba Company A entered into a Mudaraba contract with Bank Sharia in which the company provides monetary capital of $2,000,000 to be managed and invested by the Bank. The Bank provides Mudaraba Al-Muqayadda investment account facility whereby the Bank will invest in a specific project as agreed by the client. For this project there is another investor, Company B who had agreed to invest $2,000,000. The profit and loss sharing between three of them is in the ratio of 2: 2: 1 for Company A, Company B and the Bank respectively. The Bank then entered into another Mudaraba contract (Re-Mudaraba) with Company X to undertake a housing development project and they had agreed on the profit-sharing ratio of 75: 25 (Bank: Company X). Requirement: Determine the profit or loss to be shared at the end of the contract by the four parties involved above if: Profit $1,600,000; or Loss $450,000
please solve the following question
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.