IJARA Financing Equipment Financing Total Installment 48 Market Price 5,000,000 Yearly Insurance (In %) 1.0 50,000

Income Tax. 2.0 100,000

Cost of Vehicle 5,150,000

Less Equity (Arboon) 25.0 1,250,000

Ijara Financing Amount 3,900,000 Installament for Ownershi 48 81,250.0 Rentals in % of Installmen 47.69 38,750.0 Repayment Monthly 120,000.0

Total payment 48 5,760,000.0 Financing Amount 3,900,000.0 Total Rentals Paid 1,860,000.0

yousuf:

Trim Sheet for Ijarah Financing Machine price Rs.5 million Arboon 25% 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

Arboon 1,250,000.0 Total Ijarah Adjustment 7,010,000 Gross Monthly Income 400,000 Recovery Level 30 120,000 Saving 20.31Expenses 9.69

Total Burden on Income 30.00

Equipment Financing

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

yousuf:

Trim Sheet for Ijarah Financing Machine price Rs.5 million Arboon 25% 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

GMI x AR /100MI x 100/ GMIMR x 100/ GMI

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 Services & Sale Gro 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

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 Investmen 1,890,000 19

Simple Modaraba

Amount of Investment 400,000

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 34,800.0 87,000.0 Hasan 60 52,200.0

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 40,000.0 90,000.0

Ahmed 60 60,000.0 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 49,600.0 144,000.0 Hasan 60 74,400.0 (20,000.0)

124,000.0

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 60,000.0 135,000.0 Ahmed 60 90,000.0

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)

Multiple Modaraba Principle Investment 12,500,000.00 234,000.0 Bank 50 92,000.0 (50,000.0)Rab-al-Maal 50 92,000.0 184,000.0 326,000.0

0.736Hasan 100,000.0 50,000.0

1 Hasan 30 13,500.0 45,000.0 18,500.0

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?

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 75,000.0

Bank 60 90,000.0

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

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

Morabaha First Form

QuantityPrice Total PriceLPO Amount 20 25,000 500,000 Bank Purchase 20 24,000 480,000

Margin 20 5,000 100,000 Bank Financing 20 19,000 380,000

Bank Sale 20 25,800 516,000

Less Arboon 20 5,000 100,000

Bank Profit 20 1,800 36,000

Morabaha Cost Plus

LPO QUANTITY PRICE AMOUNT

Product Sugar 20,000 35,000 700,000,000 Add Custom Duty % 1.0 350 7,000,000

Tranport % 1.0 350 7,000,000 Warehousing % 1.0 350 7,000,000 Selling % 5.0 1,750 35,000,000 Muccadum Fee % 1.0 350 7,000,000 Total Cost of Sugar 38,150 763,000,000 Arboon in % 20.00 (7,000) (140,000,000)Bank Financing 81.65 31,150 623,000,000

20,000 tons of sugar imported under LPO issued by General Trader at Arboon value of 20% having purchase price of Rs.35,000 PMT. Cost includes Duty 1%, Transport 1%, Warehousing 1%, Selling Expense 5% and Macadam Fee 1%. 20,000 MT sugar sold at 10% Profit and shared between Morahib and RM at 45:55. The Cost Price is contributed by number of Rab-al-Maal and were given Share of Profit according to Ratio of Investment

Less Sale of Sugar % 5.00 40,058 801,150,000 Gross Profit % 23.3 8,908 178,150,000

Less Arboon (7,000) (140,000,000)Net Profit % 5.0 1,908 38,150,000

Less Morahib % 45.0 858 17,167,500 Rab-al-Maal 55.0 1,049 20,982,500

Rab-al-Maal ProfitCapital 623,000,000 20,982,500

1 Brooks Group 12 74,760,000 2,517,900 2 Allaied Group 15 93,450,000 3,147,375 3 Untied Group 10 62,300,000 2,098,250 4 Scan Croup 11 68,530,000 2,308,075 5 Service Group 12 74,760,000 2,517,900 6 Sitara Group 10 62,300,000 2,098,250 7 Faisal Group 10 62,300,000 2,098,250 8 Karachi Company 20 124,600,000 4,196,500

Total 100 623,000,000 20,982,500

LPO Amount 100 10,000 1,000,000 Freight 100 200 20,000 Insurance 100 100 10,000 Storage 100 50 5,000 Tax 100 120 12,000 Total purchase pric 100 10,470 1,047,000

Add Bank Profit 100 500 50,000 Sale Price 100 10,970 1,097,000

20,000 tons of sugar imported under LPO issued by General Trader at Arboon value of 20% having purchase price of Rs.35,000 PMT. Cost includes Duty 1%, Transport 1%, Warehousing 1%, Selling Expense 5% and Macadam Fee 1%. 20,000 MT sugar sold at 10% Profit and shared between Morahib and RM at 45:55. The Cost Price is contributed by number of Rab-al-Maal and were given Share of Profit according to Ratio of Investment

3.368

CapitalShare 0.40 0.51 0.34 0.37 0.40 0.34 0.34 0.67 3.37

Musharka No of Shares

Net Worth of Musharik 100,000,000 1,000,000

Financing 30,000,000 300,000

Present NW 70,000,000 - 700,000

1st Year Profit (15,000,000.0)

2nd Year Profit (10,000,000.0)

3rd Year Profit 21,000,000.0

4th Year Loss 26,000,000.0

5th Year profit 30,000,000.0

1st Year Value Per Share Price No: Of

Share Share

Networth Sponsors 70,000,000 100.00000 700,000

Financier 30,000,000 100.00000 300,000

Profit (15,000,000.00) -15.00000

Share Value 85.00000

2nd Year Value Price Per

Networth 70,000,000 100.00000 700,000

Working Capital Finance 30,000,000 100.00000 300,000

Profit (10,000,000.00) -10.00000

Share Value 75.00000

3 rd Year Value Price Per ShareNetworth 70,000,000 100.00000 700,000.00 Working Capital Finance 30,000,000 100.00000 300,000.00 Profit 21,000,000.00 21.00000 Share Value 96.00000

4 th Year Value Price Per ShareNetworth 70,000,000 100.00000 700,000.00 Working Capital Finance 30,000,000 100.00000 300,000.00 Profit 26,000,000 26.00000 Share Value 122.00000

5th Year Value Price Per ShareNet worth 70,000,000 100.00000 700,000.00 Working Capital Finance 30,000,000 100.00000 300,000.00

No: Of Shares

No: Of Shares

No: Of Shares

No: Of Shares

Profit 30,000,000.0 56.00156.00000

Sale of Shares 300,000.00 46,800,000.0 16,800,000.0 Profit 4th year 36,600,000.0 6,600,000.0

Profit 5th year 16,800,000.0

price per share

100.0000

Financier

Profit

(10,500,000.00)

(4,500,000.00)

Financier

(7,000,000)

(3,000,000)

Financier Profit

Financier Profit 85,400,000.00 36,600,000.00

Financier Profit 39,200,000.00 16,800,000.00

40,200,000.0 134

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)