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Q2: Musharaka and Mudaraba A and B established a Mudaraba company where B...

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Accounting

Q2: Musharaka and Mudaraba

  1. A and B established a Mudaraba company where B is the Mudarib, find
  1. 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)
  2. if losses after first year was USD 10,000 How much share on this losses?
  1. 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)
  1. Determine the Capital loss after First Year
  2. if the project is abandoned leading to the termination of the Musharakah contract, the IFI claims should be only?

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