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Bank Muamalat has placed a 30 day Mudarabah Interbank Investment deposit with Al Rajhi. The...

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Accounting

Bank Muamalat has placed a 30 day Mudarabah Interbank Investment deposit with Al Rajhi. The details are as follows; image Determine the amount Bank Muamalat will receive on day 31 if Al Rajhis declared profit rate on one-year deposit is 3.5% (annualized).

2. Outline two potential risks in such Mudarabah interbank placement.

RM80 million Principal Tenor PSR 11 11 11 30 days 80/20 (Profit Sharing Ratio) RM80 million Principal Tenor PSR 11 11 11 30 days 80/20 (Profit Sharing Ratio)

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