Subject: ISLAMIC BANKING AND FINANCE Note: Please write froma computer or laptop easy to Copy-paste)

Q2: Musharaka and Mudaraba A. A and B established a Mudaraba company where B is the Mudarib, find a) if profit after first year was USD 900,000:, How much A and B will get if profit sharing ratio between them is 75:25 ? (3 MARKS) b) if losses after first year was USD 10,000 How much share on this losses? B. An (IFI) Islamic Financial Institution (IFI) invested in a two-year project valued at USD. 700,000 by providing 70% of the capital based on the Musharakah contract. At the end of the first year, the project value declined by 40%. (7Marks) a) Determine the Capital loss after First Year b) if the project is abandoned leading to the termination of the Musharakah contract, the IFI claims should be only