Q. 1. Assume an Islamic bank receives the following general investment deposits with their different tenors and assign the corresponding weightage as in the following table: Deposit Amount $ 90,000 $...

Answer the following questions: a.Find the profit of the investment b.Find share of the bank from the profit c.Find the weightage average in the three provided boxes d.Find the profit for each type of deposit e.Find the profit rate for each deposit


Extracted text: Q. 1. Assume an Islamic bank receives the following general investment deposits with their different tenors and assign the corresponding weightage as in the following table: Deposit Amount $ 90,000 $ 60,000 $ 50,000 Tenor Weightage 3-months 0.3 6-months 0.7 1-year 0.9 Assume also that the mudarabah profit ratio between the depositors and the bank is 75:25 respectively. Given that the bank is making profit of 25% from the above general investment deposits, fill in the box with the correct answers by showing your working. Deposits Profit Weightage | Weightage Average Rate $ 90,000 $ 60,000 $ 50,000 0.3 0.7 0.9