Part A, ic Ban! The following information was extracted from the books of Bahrain Islamic 63 December 2018: k as at 31 RM’000 : 600,000 Income from investment and financing activities 500,000 Direct cost of investment 2,100,000 Direct costs of financing 8,400,000 Overdraft charges O& "300,000 Inter-bank Giro transfer fees 600,500 Administrative Overhead CVE 41,500,000 Marketing and promotional overhead currently at 70:30 Depositor’s profit sharing ratio under Mudharabah investment account is between depositors and bank. REQUIRED r to the depositors. (2) Compute the bank’s income and shows the distribution of profits erate) , weights (b) The following is the information pertaining to deposits types, average balance and weiat used for Mudharabah deposit account in the tank for year 2018: Deposits Types ‘Average Balance (RM) Weights : 6 months & less 30,000,000 0.50 12 months & less 40,000,000 0.75 More than 12 months 50,000,000 1.00 Total 220,000,000 Compute the following: (i) Weighted average balance for each deposits type, (ii) Depositors' share ef profits (to be rounded with no decimal places), and (ili) Depositors rate of return (round off to two decimal places). (7 marks) (©) Compute the investment returns to the following depositors: (i) Misha; who invested RM400,000 since 1 March 2018, and (ii) Shami; who invested RM500,000 since 22" July 2018. (2 marks) [TOTAL: 15 MARKS] 2 ‘ACC3603/TESTO1/JAN2019Parte (@nswer ALL quest ions) harabah_ Investment (Mudharabah a) Ident tify the gis '@ differences between Unrestricted . Mud harabah Muaayadah)- Mutla gah) ar nd Restricted Mudharabah Investment (Mud! ir depositors, but a gift ) Under r Al-wadi ‘wadi‘ah deposits, there is no retum is guaranteed to th pon hibah disbursement. (hibah) car 1 be given to them. Prepare the journal entries of wadi'ah u (2 marks) [TOTAL: 5 MARKS]Parta The folowing ar relevant information pertaining to the results of business operations for ‘Syariah Bank Bhd for the year 2018: RMw’000 Income from operations —_ Expenses from operations 220 Administrative overhead fe Marketing expenditure a Bankcard fees i Inter-bank Giro transfer fees aoe Late payment charge a0 Its the policy of the bank to distribute profits between depositors and bank at the ratio of 40:60 respectively. REQUIRED (2) Compute the bank's income and shows the distribution of profits to the depositors. (6 marks) (b) The following is the information related to the deposits account in Syariah Bank Bhd for the year ended 31 December 2018: Deposits Types Average Balance (RM) Weights ‘ months and less 10,000,000 0.80 9 months and less 20,000,000 1.00 12 months and less 30,000,000 1.50 More than 12 months 40,000,000 2.00 Compute the following: ()) Weighted average balance for each deposits type, (ii) Depositors’ share of profits (to be rounded with no decimal places), and (ii) Depositors rate of return (to be rounded to two decimal places), (6 marks) (©) Compute the investment returns to the following depositors: (i) Sara; who invested RM20,000 since 1 February 2018, and (i) Azhar; who invested RM10,000 since 30 June 2018. (2 marks) [TOTAL: 14 MARKS] 2 AACC3603/TESTO1/JUNE2019Part B (answer ALL questions) Question 1 What is the definition of Wadiah deposit? (a mark) Question 2 .diah depos! Prepare all relevant journal entries to record the recognition of Wadi following narrations: it based on the a) Upon deposits b) Upon withdrawals ©) Upon hibah disbursemnt (3 marks) Question 3 ' hod. Explain on how profit is distributed to depositors under Pooling Met (omark) [TOTAL: 6 MARKS]