1. Partner Ali & Partner Marhoon entered into Mudarabah contract of 3 years. Partner Ali invested BD10000/- as part of capital investment. Profit and loss ratio will be 70:30. Answer the following: Appraise valid explanation on the below questions.
A. Who is the Mudarib ? Rab ul Mal?why?(4 marks)
B. Is this transaction Sharia Compliant? State the rulings?
C. Can partner A terminate the contract on his own? Why?
D. Profit of BD 20000/-accumulated during the year after deducting admin expenses of BD2000/- how much will be PLS between the two? Show the Computation.
1. Partner Ali & Partner Maroon entered into
Mudarabah contract of 3 years. Partner Ali
invested BD10000/- as part of capital investment. Profit and loss ratio will be 70:30.
Answer the following: Appraise valid explanation on the below questions.
A. Who is the Mudarib ? Rab ul Mal?why?(4
marks)
B. Is this transaction Sharia Compliant? State the rulings?
C. Can partner A terminate the contract on
his own? Why?
D. Profit of BD 20000/-accumulated during
the year after deducting admin expenses of
BD2000/- how much will be PLS between the two? Show the Computation.