Profit Distribution. The net profits of the joint investment pool shall be distributed amongst the shareholders and the depositors according to their respective weightages in the invested funds. The Bank, as (Mudarib), shall be entitled to 90% of the realized net profit of the depositors’ share of Mudaraba profit (or as amended from time-to-time subject to 90 days prior notice to the depositors).
Appears in 2 contracts
Samples: Banking Services Agreement, Banking Services Agreement
Profit Distribution. The net profits profits of the joint investment pool shall be distributed amongst the shareholders and the depositors according to their respective weightages in the invested funds. The Bank, as (Mudarib), shall be entitled to {90% %} of the realized net profit profit of the depositors’ share of Mudaraba profit (or as amended from time-to-time subject to 90 days prior notice to the depositors).
Appears in 2 contracts
Samples: Banking Services Agreement, Banking Services Agreement
Profit Distribution. The net profits profits of the joint investment pool shall be distributed amongst the shareholders and the depositors according to their respective weightages in the invested funds. The Bank, as (Mudarib), shall be entitled to 90% a percentage of the realized net profit profit of the depositors’ share of Mudaraba profit (or depositors as amended from time-to-time subject to 90 days prior notice to notified and displayed at the depositors)Bank’s branches.
Appears in 1 contract
Samples: Banking Services Agreement
