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  3. points suppose ithmaar bank has bd20 million for l

points Suppose Ithmaar Bank has BD20 million for lending for 30 daysto inter Bank Market...

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Finance

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points Suppose Ithmaar Bank has BD20 million for lending for 30 daysto inter Bank Market inter Bank market refers to a market where le monded wants can mutually lend borrow for immediate needs. In this inter Bank Market Salam islamic Bank needs to borrow exactly to 20 million for toys Both parties agree to 60:40 profit sharing in favor of thmaar Bank Now Al Salam islamic Bank declares a pross profe of and appear to mine same 5 profit to Ithmaar bank for borrowing BD20 million and ithmaar flank agrees. Required: How much Ithmaar bank will earn on this investment show your work

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