Participation in the Profits Sample Clauses

Participation in the Profits a) The Customer agrees that the weighted average balances will be considered for the profit distribution based on the Weightages for each Account assigned in line with the Profit Distribution Policy of the Bank as approved by the Xxxxx’a Board. b) The Mudaraba Profit from the Mudaraba Pool shall be distributed amongst the Shareholder’s and the Mudaraba Customers on the basis of the integrated weightage points which represent the aggregate of the points allocated to each deposit taking into consideration its type, amount and the average balance during the period for the deposit as applicable. c) Amounts invested in a Mudaraba Account (excluding an Islamic Term Investment Deposit) shall be entitled to profit based on the average of end of day balance for each day during the relevant profit distribution period, unless indicated otherwise under the specific Mudaraba Account. The participation of the invested amounts in the Mudaraba Pool shall start on the Business Day in which the funds are deposited. d) Amounts invested in an Islamic Term Investment Deposit shall be entitled to profit based on its term (tenure) and amount. e) The Bank shall, in its capacity as Mudarib, be entitled to receive up to [60]% of the Mudaraba profit, and the Customer shall be entitled to 40% of the Mudaraba profit. or such other percentage as notified by the Bank before the commencement of each investment period.
Sample 1Sample 2
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Participation in the Profits. 3.1 The deposit in Savings Account shall be invested in the Common Mudaraba Pool in which Ajman Bank’s and Account Holders’ funds are invested. The net profit from the Common Mudaraba Pool shall be distributed amongst the Ajman Bank and the Account Holders on the basis of the integrated weightage points which represent the aggregate of the points allocated to each deposit. 3.2 Subject to clause 1 of this section, the deposit’s points for one month shall be calculated based on the daily average balance for each day during the month. 3.3 Ajman Bank shall in its capacity as Mudarib (investment manager), be entitled to receive up to 90% of the Mudaraba profit allocated to the Account Holder from Common Mudaraba Pool profit, or such other percentage as more specifically prescribed through a notice before the commencement of each commencement period being the investment period.
Sample 1
Participation in the Profits. 3.1 The deposit in Investment Deposit Account shall be invested in the Common Mudaraba Pool in which Ajman Bank’s and Account Holders’ funds are invested. The net profit from the Common Mudaraba Pool shall be distributed amongst the Ajman Bank (Mudarib) and the Account Holders on the basis of the integrated weightage points which represent the aggregate of the pointsallocated to each deposit. 3.2 Subject to clause 1 of this section, the deposit’s points for one month shall be calculated based on the daily average balance foreach day during the relevant month. 3.3 Ajman Bank shall in its capacity as Mudarib (investment manager), be entitled to receive Mudaraba profit allocated to the Account Holder from Common Mudaraba Pool profit as displayed on the Bank’s website, or such other percentage as more specifically prescribed through a notice before the commencement of each commencement period being the investment period.
Sample 1
Participation in the Profits a) The Customer agrees that the weighted average balances will be considered for the profit distribution based on the Weightages for each Account assigned in line with the Profit Distribution Policy of the Bank as approved by the Sharia Board. b) The Mudaraba Profit from the Mudaraba Pool shall be distributed amongst the Shareholders and the Mudaraba Customers on the basis of the integrated weightage points which represent the aggregate of the points allocated to each deposit taking into consideration its type, amount and the average balance during the period for the deposit as applicable. c) Amounts invested in a Mudaraba Account (excluding a Term Investment Deposit) shall be entitled to profit based on the average of end of day balance for each day during the relevant profit distribution period, unless indicated otherwise under the specific Mudaraba Account. The participation of the invested amounts in the Mudaraba Pool shall start on the Business Day in which the funds are deposited. d) Amounts invested in a Term Investment Deposit shall be entitled to profit based on its term (tenure) and amount. e) The Bank shall, in its capacity as Mudarib, be entitled to receive up to 80% of the profit allocated to the Customer from the Mudaraba Profit, or such other percentage as notified by the Bank before the commencement of each investment period.
Sample 1

Related to Participation in the Profits

  • Participation in Profits and Losses All profits and losses of the Company will be allocated to the Member.

  • No Participation in Management Except as expressly permitted hereunder, the Limited Partners shall not take part in the management of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership.

  • Participation in Plans Notwithstanding any other provision of this Agreement, the Executive shall have the right to participate in any and all of the plans or programs made available by the Company (or it subsidiaries, divisions or affiliates) to, or for the benefit of, executives (including the annual stock option and restricted stock grant programs) or employees in general, on a basis consistent with other senior executives.

  • Participation Fee If your account is subject to a Participation Fee, a fee will be charged when you open an account as described on the Disclosure accompanying this Agreement.

  • Participation Fees Vendor or vendor assigned dealer Agreements to pay the participation fee for all Agreement sales to TIPS on a monthly scheduled report. Vendor must login to the TIPS database and use the “Submission Report” section to report sales. The Vendor or vendor assigned dealers are responsible for keeping record of all sales that go through the TIPS Agreement. Failure to pay the participation fee will result in termination of Agreement. Please contact TIPS at tips@tips- xxx.xxx or call (000) 000-0000 if you have questions about paying fees.

  • Program Participation By participating in the CRF Program, Grantee agrees to: a. Not increase any Eligible Household’s rent through January 2021; b. Waive all costs, fees and charges incurred by Eligible Households as a result of non- payment or partial payment of rent during the impacted months; c. Not consider non-payment or partial payment by Eligible Households during impacted months when considering renewal of an Eligible Household’s lease, or, share this information with other rental properties, credit bureaus and tenant screening companies; d. Not initiate new Eligible Household evictions for non-payment of rent and must suspend all pending evictions of Eligible Households for nonpayment of rent for the duration of the rental payment assistance; e. Not issue a notice to vacate to Eligible Households for nonpayment of rent until the end of the Eviction Relief Period; and f. Not require Eligible Households to vacate the unit until 30 days after such notice.

  • PARTICIPATION IN SIMILAR ACTIVITIES This agreement in no way restricts the U.S. Forest Service or from participating in similar activities with other public or private agencies, organizations, and individuals.

  • Joint Participation The parties hereto participated jointly in the negotiation and preparation of this Release, and each party has had the opportunity to obtain the advice of legal counsel and to review and comment upon the Release. Accordingly, it is agreed that no rule of construction shall apply against any party or in favor of any party. This Release shall be construed as if the parties jointly prepared this Release, and any uncertainty or ambiguity shall not be interpreted against one party and in favor of the other.

  • Company Participation Subject to Section B.5, the Company shall not be liable to indemnify the Indemnitee under this Agreement with regard to any judicial action if the Company was not given a reasonable and timely opportunity, at its expense, to participate in the defense, conduct and/or settlement of such action.

  • Participation Contributor will participate in any Work Groups (defined in the Policy) identified above, and any other Work Groups that it actually participates in or notifies ODIF that it wants to participate in, according to the rules and procedures in the then-current OpenID Process Document (“Process Document”), which is fully incorporated into this Agreement by this reference, and subject to the Policy.

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