On Mar 23, 2023, MLA Islamic Bank transferred cash of PKR 300,000 and an apartment to a
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On Mar 23, 2023, MLA Islamic Bank transferred cash of PKR 300,000 and an apartment to a client. The bank had acquired the apartment for PKR 200,000, and the current book value of the apartment is equal to PKR 150,000. Partners in Musharakah agreed that the apartment was worth PKR 300,000. What is the total contribution of the bank in the Musharakah?
a. 500,000
b. 350,000
c. 450,000
d. 600,000
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Related Book For
Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application
ISBN: 9781032464022
1st Edition
Authors: Abdul Rauf Mahar, Ayesha Bhatti, Muhammad Junaid Ashraf, Asfand Zubair Malik
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