Public Islamic Bank Bhd with excess fund of MYR9,000,000 decided to place Islamic Negotiable Instrument of Deposit (INID) with CIMB under the mudharabah (profit sharing) basis. The following are the...

Public Islamic Bank Bhd with excess fund of MYR9,000,000 decided to place Islamic Negotiable Instrument of Deposit (INID) with CIMB under the mudharabah (profit sharing) basis. The following are the details : Issuance date : 31 December 2021 Maturity date : 31 December 2022 Transaction date : 15 October 2022 PSR : 80:20 Expected dividend rate : 10.5% Profit : Quarterly dividend What is the expected amount received by Public Islamic at the end of the INID maturity?

Jun 04, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here