1. Revenue BANK OPERATION (DBF3231) Sem. 2, 2023/2024 Exercise 2: TOPIC 5 INCOME STATEMENT Prepare an...

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1. Revenue BANK OPERATION (DBF3231) Sem. 2, 2023/2024 Exercise 2: TOPIC 5 INCOME STATEMENT Prepare an income statement for an Pakistan Islamic Bank Ltd using the following information: USD20000 M Total distributable income margin 40% Total distributable income USD8000M Income attributable to depositors USD150M Tax and zakat rate Zakat Profit before tax and zakat 35% 2.5% USD450M 2. Prepare an income statement for an Kuwait Islamic Bank Bhd using the following information: Total distributable Income margin 50% Total distributable income RM50,000 Income attributable to depositors RM15,000 Tax rate 35% 3. Zakat rate Profit before tax and zakat Prepare an income statement for an Bangladesh islamic bank using the following information: Total distributable income margin 2.5% RM15, 000 50% Total distributable income RM15,000 Income attributable to depositors RM4, 500 Tax rate 35% 2.5% RM7, 000 Zakat rate Profit before tax and zakat 4. Prepare an income statement for an Dubai Islamic Bank Ltd using the following information: Total distributable income margin Direct expenses for investment 50% AED40, 000 M Total distributable income AED 40,000 M Income attributable to depositors AED 10,000 M Tax rate 35% Zakat rate 2.5% Profit before tax and zakat AED 12,000 M 1. Revenue BANK OPERATION (DBF3231) Sem. 2, 2023/2024 Exercise 2: TOPIC 5 INCOME STATEMENT Prepare an income statement for an Pakistan Islamic Bank Ltd using the following information: USD20000 M Total distributable income margin 40% Total distributable income USD8000M Income attributable to depositors USD150M Tax and zakat rate Zakat Profit before tax and zakat 35% 2.5% USD450M 2. Prepare an income statement for an Kuwait Islamic Bank Bhd using the following information: Total distributable Income margin 50% Total distributable income RM50,000 Income attributable to depositors RM15,000 Tax rate 35% 3. Zakat rate Profit before tax and zakat Prepare an income statement for an Bangladesh islamic bank using the following information: Total distributable income margin 2.5% RM15, 000 50% Total distributable income RM15,000 Income attributable to depositors RM4, 500 Tax rate 35% 2.5% RM7, 000 Zakat rate Profit before tax and zakat 4. Prepare an income statement for an Dubai Islamic Bank Ltd using the following information: Total distributable income margin Direct expenses for investment 50% AED40, 000 M Total distributable income AED 40,000 M Income attributable to depositors AED 10,000 M Tax rate 35% Zakat rate 2.5% Profit before tax and zakat AED 12,000 M