Very Gud Afternoon sir. I have questions pertaining to the profit calculation amongst depositor's of Mudarabah Investment account
1. When we use Monthly Average Daily balance for determining Depositor's Rate of Return for each deposit category (Using Weighted method), does this imply that Profit accrual for each depositor will always happen at the month end and not on any between days of the month?
2. If I want to accrue the depositor's profit daily, does that mean I will have to use Daily product balance method. If yes, then how do I arrive at Depositor's Rate of return?
3. What is the formula we use to calculate each of the Depositor's profit after we arrive on the Depositor's rate of return?