The following are relevant information pertaining to the results of the business operations for Maisarah Islamic Window for the year 2020: Income from Operations 3500000 Expenses from Operations 1200000 Indirect Income (Fee Based) 480000 Indirect Expenses 340000 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 Separate Investment Account Method SIAM is used, calculate the net profitloss to the Islamic Bank (Before Tax and Zakat)
The following are relevant information pertaining to the results of the business operations for Maisarah Islamic Window for the year 2020: Income from Operations 3500000 Expenses from Operations 1200000 Indirect Income (Fee Based) 480000 Indirect Expenses 340000 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 Separate Investment Account Method SIAM is used, calculate the net profitloss to the Islamic Bank (Before Tax and Zakat)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.3.5MBA: Return on assets The financial statements of The Hershey Company (HSY) are shown in Exhibits 6...
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![moodle.suc.edu.om/mod/quiz/attemp
nic Accounting(3)
4
The following are relevant information pertaining to the results of the business operations
for Maisarah Islamic Window for the year 2020:
ut of
Income from Operations
3500000
Expenses from Operations
1200000
Indirect Income (Fee Based)
480000
Indirect Expenses
340000
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 Separate Investment Account Method SIAM is used, calculate the net
profit/loss to the Islamic Bank (Before Tax and Zakat)
6.
8.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe998c01f-4a15-43a1-b3ae-8d3fb6172d76%2F0443f918-eb8b-4f21-92a5-efc4f961405e%2F6q41bmo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:moodle.suc.edu.om/mod/quiz/attemp
nic Accounting(3)
4
The following are relevant information pertaining to the results of the business operations
for Maisarah Islamic Window for the year 2020:
ut of
Income from Operations
3500000
Expenses from Operations
1200000
Indirect Income (Fee Based)
480000
Indirect Expenses
340000
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 Separate Investment Account Method SIAM is used, calculate the net
profit/loss to the Islamic Bank (Before Tax and Zakat)
6.
8.
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