Rehman started a partnership with Mohan and Lew by contributing RM10, 000, RM12000 and RM12, 000 respectively. Lew will be the active partner and manage the partnership. They agreed to share the profit according to a ratio of40:30:30. During the first year of operation, the
partnership made a profit of RM18, 000.

Required:
A) Calculate their individual profit according to the partnership agreement
B) Is this partnership allowed in Islamic financing system? Justify

Answer rating: 100% (QA)

A According to the partnership agreement the profit is to be shared in a ratio of 403030 among Rehma... View the full answer