The profit rate is not interest. [cite_start]It is the key component used to determine the sale price of the Manzil Mortgage Fund's shares [cite: 267][cite_start].
Profit Rate = Base Rate + Fund's Margin [cite: 270][cite_start].
- The Base Rate: We use the Government of Canada Bond (GOCB) Rate for a corresponding term as a public, transparent benchmark [cite: 271][cite_start].
- Fund's Margin: This is the additional percentage we add to the Base Rate to provide the fair, Halal profit to the Fund's investors[cite: 273].
