Charity Fund definition

Charity Fund means a fund where income from Shari’ah non-compliant sources or penalties and late payment charges received from Customer(s) in default or overdue cases are channelled.
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Charity Fund means a fund that is organized and operates on a not-for-profit basis with the aims of supporting the remedy of difficulties caused by disasters, conflagrations, epidemics or accidents and other disadvantaged persons in need of social assistance.
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Charity Fund. Means a fund maintained by the Islamic Banking Division, consisting of charity amounts recovered from Customers of the Islamic Banking Division, the amounts and proceeds whereof are to be applied for charitable purposes in accordance with the decision of Shariah.
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Examples of Charity Fund in a sentence

  • In this regard the Client is aware and acknowledges that notwithstanding the amount paid by the Client to the Charity Fund of the Institution, the Court has the power to impose penalty, at its discretion, and from the amount of such penalty, a smaller or bigger part, depending upon the circumstances, can be awarded as solatium to the Institution, determined on the basis of direct and indirect costs incurred, other than the opportunity cost.

  • The Charity Fund shall be used at the absolute discretion of the Institution, exclusively for the purposes of approved charity.

  • When paid to the Police Charity Fund, the amount shall be reported monthly to the Guild and the City by the Police Charity Organization.

  • In addition, the City agrees to deduct from the paycheck of bargaining unit members who are not Guild members the amounts contributed to the Police Charity Fund (in the case of employees with religious objections to Guild membership) or agency fees paid in lieu of Guild dues.

  • In the case of employees with a religious objection to Guild membership as described below, paying an amount equivalent to the regular dues to the Police Charity Fund or other non-religious charity.

  • During any other months, excluding January, May and September, one game per month per sanctioned session may be a special fund game for the Charity Fund.

  • The Employer shall deduct from the weekly earnings of each employee, upon written authorization from each employee, cents ( ¢) per week and shall, together with a detailed list of the names, Social Insurance Number and amount deducted, remit same by cheques payable to the UFCW Charity Fund before the fifteenth (15th) day of the following month.

  • However, the Council remains sole Trustee for the Peterborough Museum and Art Gallery Charity.The Mayor of Peterborough’s Charity Fund is registered with the Charity Commission as an unincorporated association.

  • In this regard the Lessee is aware and acknowledges that notwithstanding the amount paid by the Lessee to the Charity Fund of the Institution, the Court has the power to impose penalty, at its discretion, and from the amount of such penalty, a smaller or bigger part, depending upon the circumstances, can be awarded as solatium to the Institution, determined on the basis of direct and indirect costs incurred, other than the opportunity cost.

  • In this regard the Supplier is aware and acknowledges that notwithstanding the amount paid by the Supplier to the Charity Fund of the Institution, the Court has the power to impose penalty, at its discretion, and from the amount of such penalty, a smaller or bigger part, depending upon the circumstances, can be awarded as solatium to the Institution, determined on the basis of direct and indirect costs incurred, other than the opportunity cost.

Related to Charity Fund

  • Charity means a body which is either a “Scottish charity” within the meaning of section 13 of the Charities and Trustee Investment (Scotland) Act 2005 or a “charity” within the meaning of section 1 of the Charities Act 2006, providing (in either case) that its objects are limited to charitable purposes;

  • Charity care means care provided by a health care facility for which the provider does not expect to receive payment from the patient or a third-party payer.

  • Activity funds means all funds received by school officials

  • State Fund means a component of the Settlement Fund described in subsection VIII.D.

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • Superannuation Fund means the Local Government Superannuation Scheme.

  • Program fund means the program fund created under Section 53B-8a-107,

  • Special Fund means the fund by that name created in Section 7.1. “State” means the State of Nebraska.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Graduate medical education and disproportionate share fund or “GME/DSH fund” means a reimbursement fund developed as an adjunct reimbursement methodology to directly reimburse qualifying hospitals for the direct and indirect costs associated with the operation of graduate medical education programs and the costs associated with the treatment of a disproportionate share of poor, indigent, nonreimbursed or nominally reimbursed patients for inpatient services.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Guaranty fund means the fund established by a local entity under Section 11-42-701.

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • the London Bombings Relief Charitable Fund means the company limited by guarantee (number 5505072), and registered charity of that name established on 11th July 2005 for the purpose of (amongst other things) relieving sickness, disability or financial need of victims (including families or dependants of victims) of the terrorist attacks carried out in London on 7th July 2005;

  • Third Party Funds means any segregated accounts or funds, or any portion thereof, received by Borrower or any of its Subsidiaries as agent on behalf of third parties in accordance with a written agreement that imposes a duty upon Borrower or one or more of its Subsidiaries to collect and remit those funds to such third parties.

  • Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

  • Charitable trust means any trust provided for in Section 8.2(a)(ii) and Section 8.3(a).

  • Local fund means any of the local retirement funds for

  • the We Love Manchester Emergency Fund means the registered charity of that name (number 1173260) established on 30th May 2017;

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Private Fund means an issuer that would be an investment company as defined in section 3 of the Investment Company Act of 1940 but for Section 3(c)(1) or 3(c)(7) of that Act.

  • Automatic Investment Plan/Dividend Reinvestment Plan means a program in which regular purchases or sales are made automatically in or from investment accounts in accordance with a predetermined schedule and allocation, including dividend reinvestment plans.

  • Pension Fund means any person that: (i) is organized under the laws of a Contracting State; (ii) is established and maintained in that Contracting State primarily to administer or provide pensions or other similar remuneration, including social security payments; and (iii) is exempt from tax in that Contracting State with respect to the activities described in clause (ii).

  • State funds means any funds appropriated by the North Carolina General Assembly or collected by the State of North Carolina. State funds include federal financial assistance received by the State and transferred or disbursed to non-State entities. Both Federal and State funds maintain their identity as they are disbursed as financial assistance to other organizations.