ADIB has signed a Musharaka contract with ADIA. ADIB provided 41 % capital contribution in the project and agreed to the same profit-sharing percentage (41%). In addition, ADIB appointed ADIA as a professional manager on a fee-base arrangement to manage the project. The fee is agreed to be AED 4,384 per year. Suppose that at the end of the first year the project generates a profit of AED 14,693. What will be the profit shareof ADIB?

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Answer To calculate ADIBs profit share we first determine the total profit share base... View the full answer