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.
Appears in 2 contracts
Samples: Banking Services Agreement, Banking Services Agreement
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.
Appears in 1 contract
Samples: Banking Services Agreement
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.
Appears in 1 contract
Samples: Banking Services Agreement
Unrestricted Investment Deposit Account. (a) Definition: A fixed term deposit in which the depositor (Rab Al mal) authorizes the Bank (MudaribMudharib) to invest the funds on the basis of Mudaraba Mudharaba contract in accordance with the agreed terms and conditions.
Appears in 1 contract
Samples: Banking Services Agreement
