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Dubai Islamic bank(DIB) has provided an amount of 200,000 AED to XYZ Consultants after being...

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Finance

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Dubai Islamic bank(DIB) has provided an amount of 200,000 AED to XYZ Consultants after being satisfied with their investment proposal on a Mudarabah project. The profit sharing ratio between the bank and XYZ Consultants is 70:30. However, XYZ Consultants entered into another mudarabah arrangement With ABC corporation to carry out the project and their profit sharing ratio was 60:40(XYZ: ABC). The project achieves a profit of 100,000 AED for the first year of operations. Assuming the project made a loss of 20,000 AED due to the negligence of ABC, the share of the loss for ABC is? Assuming the project made a loss of 20,000 AED due to the negligence of DIB , the share of the loss for DIB is

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