Reference no: EM132961622

Problem 1: Purification in Islamic mutual fund can be done in two (2) ways;

A) Capital gain and loss purification.

B) Non-halal and cleansing purification.

C) Dividend and impermissible income purification.

D) Management and earning purification.

Problem 2: Miss Rina approaches an Islamic bank and applies for financing under the concept of BBA. The purchase price of the house is RM800,000 and the profit rate offered is 7 percent. The financing period is 15 years and she has to pay the selling price in 180 equal monthly installments. Calculate the total profit of the bank given the annuity factor based on 0.008988.

A) RM7,190.40

B) RMM1,294,272

C) RM56,000

D) RM494,272