13 14 15 Save Answer 16 Qu 5 points An Islamic financial institution (IFT) invested in a two years project valued at USD 2,000,000 by providing 80% of the capital based on the Musharakah contract with Party A. The benchmark profit is agreed to be USD 400,000 per year. The profit/loss payments are agreed to be made at the end of every year. Following is the profit share formula: 1. If profit is less than USD 400000, then profit share will be IFI-60%, Party A-40% 2. If profit is more than or equal to USD 400000, then IFI will take first USD 250,000 and rest will be shared as IFI-50% of the rest, Party A-50% of the rest Suppose that at the end of the first year there is profit of USD 830,926. What will be profit share of IF17 Question 7 of 16 >> 1) A Moving to another question will save this response. MacBook Air