Common use of Investment Savings Deposit Account Clause in Contracts

Investment Savings Deposit Account. a) Definition: It is a deposit for unlimited period whereby the depositor (Rab Al mal) authorizes the Bank (Mudarib) to invest the funds based on unrestricted Mudaraba contract in accordance with the principle of Sharia.

Investment Savings Deposit Account. a) a. Definition: It is a deposit for unlimited period whereby the depositor (Rab Al mal) authorizes the Bank (Mudarib) to invest the funds based on unrestricted Mudaraba contract in accordance with the principle of Sharia.

Investment Savings Deposit Account. (a) Definition: It is a deposit for unlimited period whereby the depositor (Rab Al mal) authorizes the Bank (MudaribMudharib) to invest the funds based on the basis of unrestricted Mudaraba Mudharaba contract in accordance with the principle of Sharia.