Fatma wants to start a daycare business and she has decided to get Mudaraba financing of (Omrani rial) OMR 500,000 from
Posted: Sun Jul 03, 2022 6:49 am
Fatma wants to start a daycare business and she has decided toget Mudaraba financing of (Omrani rial) OMR 500,000 from OMranIslamic Bank . The annual sales revenue expected from the businessfrom the business from the business is OMR 120,000 and the expectedoperational expenses are OMR 50,000 per annum is deducted to arriveat the net profit. Each year half of the net profit is used torepay the capital of the bank . The remaining half is distributedas per the pre agreed percentage of profit sharing between the Bankand Fatma, that is 70:30 . Calculate how much the bank will be paidas capital repayment and as a profit percentage. And how much Fatmawill get as a profit.