Mudaraba Fund definition

Mudaraba Fund means the pool of funds entrusted by the Customer to the Mudarib for investment in profit generating Sharia compliant business ventures.
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Mudaraba Fund means the pool of funds managed by the Bank entrusted by customers of the Bank for investments in Sharia Compliant business ventures.
Sample 1

Examples of Mudaraba Fund in a sentence

  • Preferably at least one of the PRT members has prior online program review experience, knowledge of student learning outcomes assessment, and is familiar with the WASC Senior College and university Commission (WSCUC) reaccreditation process.

  • Upon receipt of valid notice of insanity, insolvency, bankruptcy or death of the Investor, all transactions will be suspended and the monies lying to the credit of the Investor/s in the Mudaraba Fund as at the date of receipt of such notice, will be held by the Bank without any further right of withdrawal until a court order is issued to the Bank specifying disposal arrangements of the proceeds of investments in the account.

  • The Bank as the Manager of the Mudaraba Fund is authorised, using its experience, knowledge and expertise to charge amounts from the profit of the Mudaraba Fund, before any other charge to the profits, to set aside estimated losses that would be necessary to meet possible losses arising from non performing Murabahas, Musharakas or similar facilities at the time of profit distribution.

  • The Bank is empowered to charge expenses directly connected with the administration of the Mudaraba Fund, to the fund.

  • Due care will be taken by the Mudarib in the use of the Mudaraba Fund.

  • Prudent investment policies will be adopted by the Mudarib in the investment of the Mudaraba Fund.

  • Any loss incurred in the Mudaraba Fund as a result of any act committed by the Mudarib which involves gross negligence or apparent misconduct on the part of the Mudarib, shall be solely borne by the Mudarib.

  • In case of profit earned by the Fund, the Mudarib will be entitled to the pre agreed percentage share of the profit generated from the Mudaraba Fund and the balance shall be distributed among the owners of the Fund pro rata.

  • Al Rajhi Commodities Mudaraba Fund – United States Dollar (the “Fund”) is an open-ended investment fund created by an agreement between Al Rajhi Capital (the “Fund Manager”), a wholly owned subsidiary of the Al Rajhi Banking and Investment Corporation (the “Bank”), and investors (the “Unitholders”) in the Fund.

  • The Mudarib is empowered to charge expenses directly connected with the administration of the Mudaraba Fund, to the Mudaraba Fund.

Related to Mudaraba Fund

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • 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.

  • Feeder means a high voltage circuit served by automatic switchgear at 3.3kV and above, and for which the Distributor can reasonably aggregate network interruption statistics to monitor average feeder performance;

  • General Fund means the Fund so designated and established by Article V hereof.