Bank Shari'ah provides Musharaka mutanaqisah financing to Moonway Corporation for a house development project amounting...
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Bank Shari'ah provides Musharaka mutanaqisah financing to Moonway Corporation for a house development project amounting to $10,000,000. This amount represents 60% of the total cost of the project. The term of financing is for 5 years and the partner is required to pay back the bank in 5 equal installments yearly. The profit-sharing ratio is agreed at 70:30 (Bank: Partner) and assumed to be constant for the first 2 years of the project. For the next three years, the profit-sharing ratio is 20 : 80 . The profits or losses from the project as disclosed by the partner are as follows: How much is the total profitloss for Bank Shariah? \begin{tabular}{r} 2,340,000 \\ \hline 2,443,000 \\ 3,240,000 \\ 3,420,000 \\ 2,430,000 \\ 2,435,000 \end{tabular} Bank Shariah provides Musharaka mutanaqisah financing to Moonway Corporation for a house development project amounting to $10,000,000. This amount represents 60% of the total cost of the project. The term of financing is for 5 years and the partner is required to pay back the bank in 5 equal installments yearly. The profit-sharing ratio is agreed at 70:30 (Bank: Partner) and assumed to be constant for the first 2 years of the project. For the next three years, the profit-sharing ratio is 20:80. The profits or losses from the project as disclosed by the partner are as follows: How much is the total profit/loss allocated to the partner? \begin{tabular}{r} 705,000 \\ \hline 750,000 \\ \hline 607,000 \\ 500,700 \\ 570,000 \\ 700,500 \end{tabular}
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