Common use of Unrestricted Investment Deposit Account Clause in Contracts

Unrestricted Investment Deposit Account. a) Definition: A fixed term deposit in which the depositor (Rab Al mal) authorizes the Bank (Mudarib) to invest the funds on the basis of Mudaraba contract in accordance with the agreed terms and conditions. b) The Bank shall, from time to time, determine the minimum and maximum limits for accepting the investment deposit in local currency or its equivalent in other currencies.

Unrestricted Investment Deposit Account. a) a. Definition: A fixed term deposit in which the depositor (Rab Al mal) authorizes the Bank (Mudarib) to invest the funds on the basis of Mudaraba contract in accordance with the agreed terms and conditions. b) b. The Bank shall, from time to time, determine the minimum and maximum limits for accepting the investment deposit in local currency or its equivalent in other currencies.

Unrestricted Investment Deposit Account. (a) DefinitionDefinition: A fixed fixed term deposit in which the depositor (Rab Al malAlmal) authorizes the Bank (MudaribMudharib) to invest the funds on the basis of Mudaraba Islamic Mudharaba contract in accordance with the agreed terms and conditions. (b) The Bank shall, from time to time, determine the minimum and maximum limits for accepting the investment deposit in local currency or its equivalent in other currencies.