Question: PART 3: CALCULATION QUESTIONS(15marks) Direction: Answer the following question by using the required calculation and facts.(15Marks) 1. Partner A & Partner B entered into Mudarabah

PART 3: CALCULATION QUESTIONS(15marks)

Direction: Answer the following question by using the required calculation and facts.(15Marks)

1. Partner A & Partner B entered into Mudarabah contract of 2 years. Partner A invested BD6000/- as part of capital investment. Profit and loss ratio will be 70:30. Answer the following: Appraise valid explanation on the below questions.

A. Who is the Mudarib ? Rab ul Mal?why?(5marks)

B. Is this transaction Sharia Compliant? State the rulings? (3marks)

C. Can partner A terminate the contract on his own? Why? ( 2marks)

D. Profit of BD 15000/-accumulated during the year after deducting admin expenses of BD1000/- how much will be PLS between the two? Show the Computation.(5marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Direction: Answer the following question by using the required calculation and facts.(10 Marks) 1. Partner Ali & Partner Marhoon entered into Mudarabah contract of 3 years. Partner Ali invested...

please complete the answer sheet using 2016 annual report Financial Statement Analysis Project ANSWER SHEET Name(s): No. Question 1. Who is responsible for the financial statements and maintaining...

I am wondering if anyone has corrected solutions to fnce 300 assignments 1 2 and 3. I am concered about my answers and would love to compare. Pretty sure on my answers for 1 and 2 mainly interested...

The Tax Project information which is file (ACCT 4141- Tax Project) needs to be filled out in all of the tax forms, and I just can't figure out how to work it all out. Accounting 4141 - Income...

Case Study #1 - BAE and DIA Student Paper Requirements Required Format: ' Paper should be between 3 to 5 pages. 1" margins, 11 pt Arial, 1.5 line spacing Title Page does not count toward page limit '...

Instructions: Answer all seven parts of question 2 and provide a step-by-step analysis and explanation based on the financial statements provided below for parts 2 A, B, C, D, E, F, and G. Answer the...

how would you calculate CPP contributions and benefits Clear Data Help Protected B when completed T1-2013 CPP Contributions on Self-Employment and Other Earnings Schedule 8 For more information, see...

Consider the following figures from the Balance Sheet and Condensed Income Statement of Dennis CC, a SME from GOBABIS, in order to answer questions (4.1) to (4.7) below [Determine the Value of the...

Case-Metabical: Positioning and Communications Strategy for a New Weight Loss Drug Assignment Please provide the answer of the following questions with supporting arguments and case facts: 1) What is...

There are three assets / portfolio: the optimal risky portfolio, an individual asset inside the frontier, and another portfolio on the efficient frontier. Which asset can you say is strictly...

?-Paid the amount due on the note to Fargo B Required 2017 rity date for each of the three notes described Determine the matu naturity for each of the three notes. (Assume a 360-day year) Check (2)...

=+ b. If the real wage can adjust to equilibrate labor supply and labor demand, what is the real wage?

=+ In this equilibrium, what are employment, output, and the total amount earned by workers?

=+5. Consider an economy with the following CobbDouglas production function: Y K1/3L2/3.