Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. q2: musharaka and mudaraba a and b established a

Q2: Musharaka and Mudaraba A and B established a Mudaraba company where B...

70.2K

Verified Solution

Question

Accounting

Q2: Musharaka and Mudaraba

  1. A and B established a Mudaraba company where B is the Mudarib, find
  1. if profit after first year was USD 900,000:, How much A and B will get if profit sharing ratio between them is 75:25? (3 MARKS)
  2. if losses after first year was USD 10,000 How much share on this losses?
  1. An (IFI) Islamic Financial Institution (IFI) invested in a two-year project valued at USD.700,000 by providing 70% of the capital based on the Musharakah contract. At the end of the first year, the project value declined by 40%. (7Marks)
  1. Determine the Capital loss after First Year
  2. if the project is abandoned leading to the termination of the Musharakah contract, the IFI claims should be only?

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students