ank provide an investment as Rabbul Maal with restriction to mudarib that he invest oil sector, Mudarib contributes none of his own capital into the project. The bank contributes capital of 100,000 on a Mudaraba basis. No other capital sources are used. PLS is agreed at a ratio of 50/50. Profits are paid to the Mudarib as a reward for the successful operation of the business. The balance of any profit is paid to the other partner(s) in the scheme. Required: Provide the solutions/ distribution of profit/loss of following potential outcomes: 1) Profits of 1000 are made 2) Losses of 500 are made without negligence of Mudarib. 3) Losses of 500 are made with negligence of Mudarib.

ank provide an investment as Rabbul Maal with restriction to mudarib that he invest oil sector, Mudarib contributes none of his own capital into the project. The bank contributes capital of 100,000 on a Mudaraba basis. No other capital sources are used. PLS is agreed at a ratio of 50/50. Profits are paid to the Mudarib as a reward for the successful operation of the business. The balance of any profit is paid to the other partner(s) in the scheme. Required: Provide the solutions/ distribution of profit/loss of following potential outcomes: 1) Profits of 1000 are made 2) Losses of 500 are made without negligence of Mudarib. 3) Losses of 500 are made with negligence of Mudarib.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter4: Income Exclusions

Section: Chapter Questions

Problem 61P

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