The following are relevant information pertaining to thể results of the business operations for Maisarah Islamic Window for the year 2020 Income from Operations 3600000 Expenses from Operations 1300000 Indirect Income (Fee Based) 200000 Indirect Expenses 360000 The above profit from operation is prior to the distribution of profit to mudharabah depositors. The agreed profit sharing ratio between the Bank and mudharabah depositors is 60:40 respectively. Required Assuming that the pooling Method is used, calculate the net profit/loss to the Islamic Bank (Before Tax and Zakat)

The following are relevant information pertaining to thể results of the business operations for Maisarah Islamic Window for the year 2020 Income from Operations 3600000 Expenses from Operations 1300000 Indirect Income (Fee Based) 200000 Indirect Expenses 360000 The above profit from operation is prior to the distribution of profit to mudharabah depositors. The agreed profit sharing ratio between the Bank and mudharabah depositors is 60:40 respectively. Required Assuming that the pooling Method is used, calculate the net profit/loss to the Islamic Bank (Before Tax and Zakat)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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