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Question 1 The following is the information pertaining to deposit types, total balance of all accounts for the given product type the assigned weight and depositor ratio' used for Mudharabah deposit account in the Bank Tijarah for the year 2019
Question 1 The following is the information pertaining to deposit types, total balance of all accounts for the given product type the assigned weight and depositor ratio' used for Mudharabah deposit account in the Bank Tijarah for the year 2019. Product Type Funds Pooled Assigned Weighted Weight Balance Income Distribution Depositor Depositor Ratio Profit Profit Rate 5,500,000 Savings 0.85 X X X 55% ? 1.300.000 0.85 ? X 60% ? ? 1-month Mudarabah 3-month Mudarabah 0.85 4,100,000 x ? 70% ? ? 0.85 6-month Mudarabat 1,700,000 x ? X 75% X 380,000 0.85 ? ? 80% ? ? 9-month Mudarabab 12-month Mudarabab 490,000 0.85 X X 85% ? ? X X ? ? Assume that, total income earned for a period of one month is RM65, 000. You are required to compute: (a) Weighted Balance for each deposit types (2 marks) (b) Income Distribution based on Weighted and total income earned (3 marks) (c) Depositor's Profit (3 marks) Profit Rate (4 marks)
Expert Solution
| Product Type | Fund Pooled | Assigned weight | Weighted Balance | Income Distribution | Depositor Ratio | Depositor Profit | Profit Rate | |
| Savings | 55,00,000.00 | 0.85 | 0.15 | 26540.46 | 55% | 14597.25 | 5.79 | |
| 1-Month MudaraBah | 13,00,000.00 | 0.85 | 0.15 | 6273.20 | 60% | 3763.92 | 5.79 | |
| 3-Month MudaraBah | 41,00,000.00 | 0.85 | 0.15 | 19784.71 | 70% | 13849.29 | 5.79 | |
| 6-Month MudaraBah | 17,00,000.00 | 0.85 | 0.15 | 8203.41 | 75% | 6152.56 | 5.79 | |
| 9-Month MudaraBah | 3,80,000.00 | 0.85 | 0.15 | 1833.70 | 80% | 1466.96 | 5.79 | |
| 12-Month MudaraBah | 4,90,000.00 | 0.85 | 0.15 | 2364.51 | 85% | 2009.84 | 5.79 | |
| 1,34,70,000.00 | ||||||||
| Note- Income distribution on the basis of fund invested in the Product type | ||||||||
| 2- Depositor profit calculated from the depostor Ratio to Income disribution | ||||||||
| 3- Profit Rate calculated by (Income distribution/Fund pooled X 12) |
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