Common use of Commingling of funds by the Mudarib Clause in Contracts

Commingling of funds by the Mudarib. If the Mudarib has commingled its own funds with the Mudaraba Funds, the Mudarib becomes a partner in respect of its funds and a Mudarib in respect of the funds of the Customer. The profit earned in the commingled funds will be divided proportionately to the amounts invested by the two parties in the fund, in which case the Mudarib takes the profit attributable to its own funds, while the remaining profit is to be distributed between the Mudarib and the Customer according to the provisions of this Agreement.

Commingling of funds by the Mudarib. If the Mudarib has commingled its own funds with the Mudaraba Funds, the Mudarib becomes a partner in respect of its funds and a Mudarib in respect of the funds of the CustomerDepositor. The profit earned in the commingled funds will be divided proportionately to the amounts invested by the two parties in the fund, in which case the Mudarib takes the profit attributable to its own funds, while the remaining profit is to be distributed between the Mudarib and the Customer Depositor according to the provisions of this Agreement.