IJARA Financing Equipment Financing Total Installment 36

Market Price 600,000

Yearly Insurance (In %) 3 54,000

Income Tax. 1 6,000

Cost of Vehicle 660,000

Less Equity (Arboon) 20 120,000

Ijara Financing Amount 540,000

Installament for Ownershi 36 15,000.0

Rentals in % of Installment 50 7,500.0

Repayment Monthly 22,500.0

Total payment 36 810,000.0

Financing Amount 540,000.0

Total Rentals Paid 270,000.0

Arboon 120,000.0

Total Ijarah Adjustment 930,000

Gross Monthly Income 75,000

Recovery Level 30 22,500

Saving 20.00

Expenses 10.00

Total Burden on Income 30.00

yousuf:Trim Sheet for Ijarah Financing Machine price Rs.5 million Arboon 20% Period 36 month Gross Monthly Income Rs.400,000 Affordability at 30% Tax 2% Insurance 1% per year1. What is the cost price of the equipment?2. What is the financing amount?3. What is the rental amount?4. What is the total rental?5. What is the Expense and Saving percentage

Equipment Financing

Rate X Principle /100 x No of Years = Total insurance Cost

Rate X Principle /100 = Total Tax Cost

Market Price + Cost

Market Price X Equity Rate /100

Cost of Equipment - Equity

Cost of Equipment / Period

Affordibility Amount - Insatallment Amount

Monthly Installment + Monthly Rentals Market Price+Cost+Rental Market Price-Arboon+Cost =FA Rent Amount x No Installment = TR Market Price X Equity Rate /100

FA+TR+Arboon=Total Amount Paid

GMI x AR /100

MI x 100/ GMI

MR x 100/ GMI

yousuf:Trim Sheet for Ijarah Financing Machine price Rs.5 million Arboon 20% Period 36 month Gross Monthly Income Rs.400,000 Affordability at 30% Tax 2% Insurance 1% per year1. What is the cost price of the equipment?2. What is the financing amount?3. What is the rental amount?4. What is the total rental?5. What is the Expense and Saving percentage

Assignment Modaraba

Syendicate Investment

Modaraba Amount Profit Profit Capital

Amount of Investment 10,000,000 Earned % Share

1 Brooks Group 12 1,200,000 226,800 18.9 2.3 2 Allaied Group 15 1,500,000 283,500 18.9 2.8 3 Untied Group 10 1,000,000 189,000 18.9 1.9 4 Scan Croup 11 1,100,000 207,900 18.9 2.1 5 Services & Sale Group 12 1,200,000 226,800 18.9 2.3 6 Sitara Group 10 1,000,000 189,000 18.9 1.9 7 Faisal Group 10 1,000,000 189,000 18.9 1.9 8 Karachi Company 20 2,000,000 378,000 18.9 3.8

Total 100 10,000,000 1,890,000 18.9

Principal investment 10,000,000

LessSales & Services 13,000,000

Gross Profit 3,000,000

LessManagement Fee 10 300,000 2,700,000

Modarib Profit 30 810,000

Return on Investment 1,890,000 18.9

Simple Modaraba Principal investment 400,000 Sales & Services 520,000 Gross Profit 120,000

Less Management Fee 10 12,000 Net Profit 108,000 Modarib 30 32,400 Gross Profit Rabal Maal 70 75,600 63

Modarib Earning 32,400 27 Modarib Management Fee 12,000 10

44,400 37

Multiple Modaraba Hasan 500,000.0

1 Ahmed 40 32,400.0 81,000.0 Hasan 60 48,600.0

2 Muhammad 250,000.0 50,000.0

Muhammad 40 18,000.0 45,000.0

Ahmed 60 27,000.0

3 Khan 250,000.0 100,000.0

Khan 40 36,000.0 90,000.0

Ahmed 60 54,000.0 4 Muhammad 10 300,000.0 5,000.0

5 Khan 10 350,000.0 10,000.0

Multiple Modaraba LossHasan 500,000.0

Ahmed 40 46,000.0 135,000.0 Hasan 60 69,000.0 (20,000.0)

115,000.0

1 Muhammad 200,000.0 100,000.0 Muhammad 40 36,000.0 90,000.0

Ahmed 60 54,000.0 2 Khan 200,000.0 150,000.0

Khan 40 54,000.0 135,000.0

Ahmed 60 81,000.0 3 Ali 100,000.0

Ali 40 (20,000.0)

Ahmed 60SALES PROCEEDS

Muhammad 10 300,000.0 10,000.0 Khan 10 350,000.0 15,000.0

Ali 10 80,000.0 (20,000.0)

yousuf:

Bank Islamic finance under Modaraba Mode Mr. Hasan Rs.100,000 at Management Fee 10% Profit 30:70Mr. Ahmed Rs250,000 at Management Fee 10% Profit 35:65Mr.Aziz Rs.400,000 Management Fee 10% Profit 40:60Mr. Ali Rs.500,000 management Fee 10% Profit 50:50Upon Maturity the sales proceeds reported Rs.150,000, Rs.200,000, Rs.550,000 and Rs.750,000. After collecting the profitability Bank Muslim share with its Rab-al-Maal at profit sharing 50:50. Give following details:1. What is the total investment amount?2. What is the profit share of Bank Muslim and each Modarib?3. What is the Net Profit sharing between Bank Muslim and Rab-al-Maal?4. What is the total earning of each Modarib5. What is the profit percentage of Rab-al-Maal?

Multiple Modaraba Principle Investment 12,500,000 234,000.0 Bank 50 92,000.0 (50,000.0)Rab-al-Maal 50 92,000.0 184,000.0 326,000

1 Hasan 100,000.0 50,000.0

1 Hasan 30 13,500.0 45,000.0 18,500 Bank 70 31,500.0

2 Ahmed 250,000.0 (50,000.0) Ahmed 0 - -

Bank 0 -

3 Aziz 400,000.0 150,000.0 Aziz 40 60,000.0 135,000.0 75,000

Bank 60 90,000.0

4 Ali 500,000.0 250,000.0 Ali 50 112,500.0 225,000.0 137,500

Bank 50 112,500.0

Sale Proceeds Hasan 10 150,000.0 5,000.0 Ahmed 10 200,000.0 Aziz 10 550,000.0 15,000.0 Ali 10 750,000.0 25,000.0

yousuf:

Bank Islamic finance under Modaraba Mode Mr. Hasan Rs.100,000 at Management Fee 10% Profit 30:70Mr. Ahmed Rs250,000 at Management Fee 10% Profit 35:65Mr.Aziz Rs.400,000 Management Fee 10% Profit 40:60Mr. Ali Rs.500,000 management Fee 10% Profit 50:50Upon Maturity the sales proceeds reported Rs.150,000, Rs.200,000, Rs.550,000 and Rs.750,000. After collecting the profitability Bank Muslim share with its Rab-al-Maal at profit sharing 50:50. Give following details:1. What is the total investment amount?2. What is the profit share of Bank Muslim and each Modarib?3. What is the Net Profit sharing between Bank Muslim and Rab-al-Maal?4. What is the total earning of each Modarib5. What is the profit percentage of Rab-al-Maal?

Morabaha First Form

Quantity PriceLPO Amount 20 25,000 Bank Purchase 20 24,000

Margin 20 5,000 Bank Financing 20 19,000

Bank Sale 20 25,800 Less Arboon 20 5,000

Bank Profit 20 1,800

Second Form Quantity Price LPO Amount 1,000 3,500 Freight 1,000 250 Insurance 1,000 50 Storage 1,000 50 Tax 1,000 20 Selling Expenses 1,000 50

1,000 3,920 Less Arboon 10

Bank Financing Sale Price 1,000 4,100

Less Less Financing Gross ProfitLess ArboonNet Profit 1,000 180

Morabaha Cost Plus

20,000 tons of sugar imported under LPO issued by General Trader at Arboon value of 20% having purchase price of Rs.30,000 PMT. Cost includes Duty 6%, Transport 1%, Warehousing 1%, Selling Expense 3% and Macadam Fee 1 %. The 18,000 MT sugar sold at Rs.44,500 and 2000 MT tons sold at Rs.41000 PMT. The profit declared at 70% Bank Islami and 30 % Morahib and hared according to pre agreed terms.

LPO QUANTITY PRICE

Product Sugar 20,000 30,000 Less Arboon in % 20

Bank Financing Price of Sugar 20,000 30,000

Add Custom Duty 6 1,800 Tranport 1 300 Warehousing 1 300 Selling 3 900 Muccadum Fee 1 150 Total Cost of Sugar 32,550 Sale of Stock 18,000 44,500 Sale of Stock 2,000 41,000 Total Sale Receive 20,000 44,150

Less Total Bank Financing Gross Profit 17,600 Less Arboon in % 6,000

Net Profit 11,600 Less Morahib Profit 30.00 3,480

Rab-Al-Maal Profit 70.00 8,120 Net Share Profit

Investors Ratio InvestmentName Investment 531,000,000

20,000 tons of sugar imported under LPO issued by General Trader at Arboon value of 20% having purchase price of Rs.30,000 PMT. Cost includes Duty 6%, Transport 1%, Warehousing 1%, Selling Expense 3% and Macadam Fee 1 %. The 18,000 MT sugar sold at Rs.44,500 and 2000 MT tons sold at Rs.41000 PMT. The profit declared at 70% Bank Islami and 30 % Morahib and hared according to pre agreed terms.

1 Brooks Group 12 63,720,000 2 Allaied Group 15 79,650,000 3 Untied Group 10 53,100,000 4 Scan Croup 11 58,410,000 5 Service Group 12 63,720,000 6 Sitara Group 10 53,100,000 7 Faisal Group 10 53,100,000 8 Karachi Company 20 106,200,000

Total 100 531,000,000

Rab-Al-Maal Profit 162,400,000 Morahib EarningSelling Expenses 18,000,000 Profit Share 69,600,000

Total Price 500,000 480,000

100,000 380,000

516,000 100,000 36,000

Amount 3,500,000 250,000 50,000 50,000 20,000 50,000 3,920,000 350,000 3,570,000 4,100,000

3,570,000 530,000 (350,000) 180,000

20,000 tons of sugar imported under LPO issued by General Trader at Arboon value of 20% having purchase price of Rs.30,000 PMT. Cost includes Duty 6%, Transport 1%, Warehousing 1%, Selling Expense 3% and Macadam Fee 1 %. The 18,000 MT sugar sold at Rs.44,500 and 2000 MT tons sold at Rs.41000 PMT. The profit declared at 70% Bank Islami and 30 % Morahib and hared according to pre agreed terms.

AMOUNT

600,000,000 120,000,000 480,000,000 600,000,000 36,000,000 6,000,000 6,000,000 18,000,000 3,000,000 651,000,000 801,000,000 82,000,000 883,000,000 531,000,000 352,000,000 120,000,000 232,000,000 ROI 69,600,000 58.00 162,400,000 30.58 232,000,000 35.64

Profit Profit 162,400,000 Share

20,000 tons of sugar imported under LPO issued by General Trader at Arboon value of 20% having purchase price of Rs.30,000 PMT. Cost includes Duty 6%, Transport 1%, Warehousing 1%, Selling Expense 3% and Macadam Fee 1 %. The 18,000 MT sugar sold at Rs.44,500 and 2000 MT tons sold at Rs.41000 PMT. The profit declared at 70% Bank Islami and 30 % Morahib and hared according to pre agreed terms.

19,488,000 3.67 24,360,000 4.59 16,240,000 3.06 17,864,000 3.36 19,488,000 3.67 16,240,000 3.06 16,240,000 3.06 32,480,000 6.12 162,400,000 30.58

ROI 24.9535.64

ROI 10.69 87,600,000 24.886

Musharka No of Shares

Net Worth of Musharik 10,000,000 1,000,000

Financing 2,000,000 200,000

Present NW 8,000,000 - 800,000

1st Year Profit (150,000)

2nd Year Profit (200,000)

3rd Year Profit 210,000

4th Year Loss 410,000

5th Year profit 610,000

1st Year Value No: Of

Share Share

Networth Sponsors 8,000,000 10.00 800,000

Financier 2,000,000 10.00 200,000

Profit (150,000.00) (0.15)

Share Value 9.85

2nd Year Value Price Per

Networth 8,000,000 10.00 800,000

Working Capital Finance 2,000,000 10.00 200,000

Profit (200,000.00) (0.20)

Share Value 9.65

3 rd Year ValueNetworth 8,000,000 10.00 800,000 Working Capital Finance 2,000,000 10.00 200,000 Profit 210,000 0.21 Share Value 9.86

4 th Year ValueNetworth 8,000,000 10.00 800,000 Working Capital Finance 2,000,000 10.00 200,000 Profit 410,000 0.41 Share Value 10.27

5th Year ValueNet worth 8,000,000 10.00 800,000

Per Share Price

No: Of Shares

Price Per Share

No: Of Shares

Price Per Share

No: Of Shares

Price Per Share

No: Of Shares

Working Capital Finance 2,000,000 10.00 200,000 Profit 610,000 1.02

11.02

Sale of Shares 2,000,000 11.02 200,000 Profit 4 th year Profit 5th Year Total Return on Investment

price per share

10.00

Financier

Profit

(120,000)

(30,000)

Financier

(160,000)

(40,000)

7,888,000 1,972,000

8,216,000 2,054,000

8,816,000

Financier Profit

Financier Profit

Financier Profit

2,204,000

2,204,000 54,000 204,000 2,462,000

Sukuk Value of Total Amount No of Price Sukuk of subsciption Sukuk

Sukuk Subscription 100,000 500,000,000 5,000 5,000.00

Sukuk Holders Invest Subscription Sukuk Sukuk

Ratio 500,000,000 Holdings Profit

1 Mr. Hasan 10 50,000,000 500 (29,452,500)

2 Mr. Ahmed 12 60,000,000 600 (35,343,000)

3 Mr.Muhammad 15 75,000,000 750 (44,178,750)

4 Mr. Siddiqui 25 125,000,000 1,250 (73,631,250)

5 Mr.Kashif 8 40,000,000 400 (23,562,000)

6 Banki Islami 11 55,000,000 550 (32,397,750)

7 Financial Group 19 95,000,000 950 (55,959,750)

8Total 100 500,000,000 5,000 (294,525,000)

Principal investment 500,000,000

Less Sales & Services 32,500,000

Gross Profit (467,500,000)

Less Management Fee 10 (46,750,000) (420,750,000)

Modarib Profit 30 (126,225,000)

Net Profit (294,525,000) Profit on each Sukuk (58,905.00) -58.905

1 No of Sukik 12502 Sukuk Price at Maturity 21,250 3 Gross Profit 7,500,000 519,750

ROI

(58.91)

(58.91)

(58.91)

(58.91)

(58.91)

(58.91)

(58.91)