Question: ADIB has signed a Musharaka contract with ADIA. ADIB provided 13 % capital contribution in the project and agreed to the same profit-sharing percentage (13%).

ADIB has signed a Musharaka contract with ADIA. ADIB provided 13 % capital contribution in the project and agreed to the same profit-sharing percentage (13%). In addition, ADIB appointed ADIA as a professional manager on a fee-based arrangement to manage the project. The fee is agreed to be AED 184 per year. Suppose that at the end of the first year the project generates a profit of AED 18,997. What will be total profit of ADIA?

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