Numerical. of Islamic Products - IJARAFinancing...

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IJARA Financing  Equipment Financing  Total Installment 60      Market Price     600,000.00  Yearly Insurance (In %)  3.00   18,000.00   1.00   6,000.00  Cost of Vehicle  624,000.00  Less Equity (In %)  15.00   90,000.00  Ijara Financing Amount  534,000.00  Installament for Ownership 60  8,900.00  Rentals in % of Installment 48.3 4298.70 Total Monthly Payment   8,900.00  4298.70 Total payment    Financing Amount   534,000.0 Profit in % Rentals  257,922.0  48.3   Arboon    90,000.0    881,922.0   Gross Income   40,000.00  Recovery Level  33.00   13,198.70  Saving  22.25 Expenses  10.75  Total Burden on Income 33   Income Tax.( % Divided  60 )
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 13,198.70   791,922.00   90,000.00  881922.0000
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Assignment Modaraba  Syendicate  Modaraba  Investment Amount Profit Profit  Capital Amount of Investment   10,000,000  Earned  % Share  1 Brooks Group 12  1,200,000   226,800   19   2.27  2 Allaied Group 15  1,500,000   283,500   19   2.84  3 Untied Group 10  1,000,000   189,000   19   1.89  4 Scan Croup 11  1,100,000   207,900   19   2.08  5 12  1,200,000   226,800   19   2.27  6 Sitara Group 10  1,000,000   189,000   19   1.89  7 Faisal Group 10  1,000,000   189,000   19   1.89  8 Karachi Company 20  2,000,000   378,000   19   3.78  Total  100  10,000,000   1,890,000   19  Principal investment  10,000,000  Less  13,000,000  Gross Profit  3,000,000  Less Management Fee 10  300,000   2,700,000  Modarib Profit 30  810,000  Return on Investment    1,890,000   19     
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Simple Modaraba        
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This note was uploaded on 06/19/2011 for the course ECON 202 taught by Professor Pharuddin during the Summer '11 term at The School of the Art Institute of Chicago.

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Numerical. of Islamic Products - IJARAFinancing...

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