The following are relevant information pertair to the results of the business operations for Maisarah Islamic Window for the year 2020: Income from Operations 450 Expenses from Operations 136 Indirect Income (Fee Based) 40 Indirect Expenses 44 The above profit from operation is prior to the distribution of profit to mudharabah depositor The agreed profit sharing ratio between the E and mudharabah depositors is 60:40 respect Required: Assuming that the pooling Method is used, calculate the net profit/loss to the Islamic Bar (Before Tax and Zakat)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following are relevant information pertaining
to the results of the business operations for
Maisarah Islamic Window for the year 2020:
Income from Operations
4500000
Expenses from Operations
1360000
Indirect Income (Fee Based)
400000
Indirect Expenses
440000
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)
Transcribed Image Text:The following are relevant information pertaining to the results of the business operations for Maisarah Islamic Window for the year 2020: Income from Operations 4500000 Expenses from Operations 1360000 Indirect Income (Fee Based) 400000 Indirect Expenses 440000 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)
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