Soloution Fall 2010 - users...

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Syendicate Modaraba Into Multiple Modaraba Mr. Ahmed 10.00 1.00 Mr.Zaman 15.00 1.50 Mr.Muhammad  20.00 2.00 Mr.Hasan 30.00 3.00 Mr.Ahsan 25.00 2.50 Investment Amount  100.00 10.00 Gross Profit  15.39 10 Management Fee 1.54 Net Profit  13.85 40 Bank Islami 5.54 Rabal Maal  8.31 Al-Noor 5.00 Sales Proceeds 6.00 Gross Profit 1.00 10 Management Fee 0.10 Net Profit 0.90 30 Modarib 0.27 70 Rabal Maal 0.63 0.63 Scan Books 13.00 Sales Proceeds 20.00 Gross Profit 7.00 10 Management Fee 0.70 Net Profit 6.30 35 Modarib 2.21 65 Rabal Maal 4.10 4.10 Sitara Group 20.00 Sales Proceeds 35.00 Gross Profit 15.00 10 Management Fee 1.50 Net Profit 13.50 40 Modarib 5.40 users: The funds contributed by Mr. Ahmed Rs.10 million, Mr.Zaman Rs.15 million, Mr. Muhammad 20, Mr. Hasan 30 Mr. respectively with Bank Muslim at 10% Management fee and Profit Share at 40:60. Bank Muslim Finance Al-Noor Rs.5 million, Scan Books Rs.13 million, Sitara Group Rs.20 million, National Service Parwaz Air Rs.12 million at 10% management fee and Profit sharing at 30:70, 35:65, 40.:60, 25:75 and 45:55 resp At Maturity the proceeds amount reported by Modaribs are Rs.6 million, Rs.20 million, Rs.35 millions, Rs.29 millio million respectively.  Use the respective format and give the following information:
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60 Rabal Maal 8.10 8.10 National Service 30.00 Sales Proceeds 29.00 Gross Profit/Loss (1.00) (1.00) 10 Management Fee (0.10) Net Profit (0.90) 25 Modarib (0.23) 75 Rabal Maal (0.68) Parwaz Air 12.00 Sales Proceeds 18.00 Gross Profit 6.00 10 Management Fee 0.60 Net Profit 5.40 40 Modarib 2.16 60 Rabal Maal 3.24 3.24 15.07 Modaraba Into Ijara Mr.Aziz - - Mr.Zaman - - Mr.Muhammad  - - Mr.Khan - - Mr.Siddiqui - -
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