Reference no: EM132781963

Question - In the year 2019, Ummah Bank earned annual profit attributable to Unrestricted Mudharabah account after distribution of profit to the bank amounting to $13,200,000. Depositors' profit sharing ratio is 70% and Bank is 30%. The following is information pertaining to deposit types, average balance and the weight used for mudharabah deposit account for the bank in the year 2019.

Investments tenure	Average balance $	Weights
6 months and less	10,000,000	0.60
9 months and less	25,000,000	0.90
12 months and less	40,000,000	1.00
More than 12 months	25,000,000	1.25

Three Investors/Depositors:

Zayd $500,000 investment placement for 9 months

Aisyah $250,000 investment placement for more than 12 months

Izzah $1,200,000 investment placement for 6 months

Required - Determine the Weighted Average Balance, Investor's share of profit and investors Rate of Return for Zayd, Aisyah and Izzah for the year 2019.