MAZHAR NISAR

SAP ID 7154
MBAE

BAKING AND TAKAFUL ASSIGNMENT

Islamic Banking - Profit Calculation on Deposits

Following is the Deposit situation at Islah Islamic Bank.

Monthly Av.
Deposit (TENOR) Deposit Days with Bank Daily Balance Balance
(Months) (Rs.) (Rs.) (Rs.)
3 60,000 10 600000 19354.83871
3 1,500,000 20 30000000 967741.9355
Month wise Total 987096.7742
Month wise Daily Av. Balance
(Months) (Rs.) (Rs.) (Rs.)
6 400,000 15 6000000 193548.3871
6 350,000 14 4900000 158064.5161
Month wise Total 351612.9032
Month wise Daily Av. Balance
(Months) (Rs.) (Rs.) (Rs.)
12 2,500,000 10 25000000 806451.6129
12 500,000 12 6000000 193548.3871
Month wise Total 1000000
Month wise Daily Av. Balance 2338709.677
Following is the additional information
Total size of the Asset Pool =
64,193,54
8
Total Income = 753,973
Banks (mudarib) Share =
Days in Month = 31
Mudarabah Sharing Ratio = 20%
Weightage of the Equity =1
You are required to calculate the Income allocation along with annualized rate of return to each
type of deposit.
Tenor Av. Deposit Weightag Wted. Av Income Allocation % (per anum)
e (Rs.)
A B C D= (B*C) E= F=E/B*100*365/31
603../63623*696774.19
 3 987096.7742 0.6
592258.0645
6 351612.9032 0.7
246129.0323
12 1000000 1 1000000
Eq 61,854,83 1
8 61854838
Total 64,193,54 63,623,551.19 603,178
8