 In this module, we would continue to answer some of the questions posed earlier. The questions are related with some practical issues in the offering of profit sharing investment accounts. We have already answered two questions. Question number one, is it permissible to open a profit sharing investment account with a conventional bank? And question number two, is it permissible for a bank to unilaterally change profit distribution ratio? The third question which we are going to answer in this module is, what is the treatment of funds in profit equalization reserve and investment risk reserve? In our previous modules, we have studied profit equalization reserve and investment risk reserve in the context of profit smoothening in profit sharing investment accounts. Now the question is, what is the treatment of funds left in profit equalization reserve and investment risk reserve? More specifically, the question says, who owns the funds in these two reserves? We shall demonstrate in this module that the funds or excess funds in PER, profit equalization reserve, should be shared between the shareholders of the bank and the profit sharing investment account holders. And the funds in IRR should belong to the profit sharing investment account holders exclusively. Let us look at a numerical example to explain it. This is a page which I have reproduced from one of the modules which we have already gone through. So there is an individual who opens a profit sharing investment account with a bank and puts this $1 in his account. Now this $1 goes into a bigger pool which is called Mudarabha pool. So in our example which we have already discussed, the size of that pool was $1 billion. In this pool, profit sharing investment account holders put their money and of course the managers of the bank, they can put some money from the shareholders' capital as well. In this particular example, out of $1 billion in the Mudarabha pool, about $100 million, they come from the shareholders of the bank. This pooled money is then used for various financing activities which generate some profit. Now this profit actually, when we look at it, that goes into profit equalization reserve and investment risk reserve. We would look into that one in just a second. But before that, I just wanted to highlight that in the Mudarabha pool, 90% of the funds, they come from profit sharing investment account holders and 10% of the funds, they come from the shareholders of the bank. Hence this 10-90 ratio highlighted. Now $250 million, this is the total profit generated by the business activities financed by the Mudarabha pool. Now the profit distribution ratio in this case is $50-50. This means that the bank would get $125 million out of this $250 million and the remaining profit share should go to those who contributed to the Mudarabha pool. However, banks don't do that. They would like to create a buffer. In this case, $20,000 out of $125,000 share of the Mudarabha pool contributors would go into profit equalization reserve. So $20,000 goes there and the remaining $120 million and $105 million goes into the share of the profit sharing investment account holders and the shareholders of the bank. Out of that $105 million because this $105 million is actually more than the $90 million required to distribute profit in such a way that the 10% indicative rate of return is actually achieved. So in that case, $500,000 that goes into the investment risk reserve and the 10% of this, which is the share of the bank's shareholders, that goes to them. So remaining $90,000, that is actually the distributable profit which makes the realized return of 1% which is equal to the indicative one. Now, the question is, who owns this money and this money? The answer is, the money in profit equalization reserve would be shared between the bank's shareholders and profit sharing investment account holders in accordance with their share in the investment pool which was 90% by the profit sharing investment account holders and 10% by the shareholders of the bank. The money going into investment risk reserve that actually comes solely from the share of the profit sharing investment account holders hence they would own this money exclusively.