Mudaraba Profit Distribution Date definition

Mudaraba Profit Distribution Date means 30 June and 30 December in each year, starting on (and including) the First Mudaraba Profit Distribution Date;

Mudaraba Profit Distribution Date means 1 January and 1 July in each year, commencing on 1 January 2021;

Mudaraba Profit Distribution Date means 20 March and 20 September in each year, starting on the First Mudaraba Profit Distribution Date;

Examples of Mudaraba Profit Distribution Date in a sentence

• In the absence of notice of such Non-Payment Election or Non-Payment Event, as the case may be, having been given in accordance with this Condition 8.3, the fact of non-payment of the relevant Periodic Distribution Amount on the relevant Mudaraba Profit Distribution Date or Mudaraba End Date, as the case may be, shall be evidence of the occurrence of a Non-Payment Election or a Non-Payment Event, as the case may be.

• In the absence of notice of such Non-Payment Election or Non-Payment Event, as the case may be, having been given in accordance with this Condition 8.3 (Effect of Non-Payment Event or Non-Payment Election), the fact of non-payment of the Relevant Rab-al-Maal Mudaraba Profit Amount (or any part thereof) on the relevant Mudaraba Profit Distribution Date or Mudaraba End Date (as the case may be) shall be evidence of the occurrence of a Non-Payment Election or a Non-Payment Event, as the case may be.

• In addition, if a Non-Payment Event (detailed below) occurs, DIB (in its capacity as Mudareb) shall be prohibited from paying Rab-al-Maal Mudaraba Profit or Rab-al-Maal Final Mudaraba Profit on any Mudaraba Profit Distribution Date or Mudaraba End Date (as the case may be) pursuant to the Mudaraba Agreement, and as a result thereof the Trustee shall be prohibited from paying Periodic Distribution Amounts to the Certificateholders on the corresponding Periodic Distribution Date.

• In the absence of notice of such Non-Payment Election or Non-Payment Event, as the case may be, having been given in accordance with this Condition 8.3 (Effect of Non-Payment Event or Non- Payment Election), the fact of non-payment of the Relevant Rab-al-Maal Mudaraba Profit Amount (or any part thereof) on the relevant Mudaraba Profit Distribution Date or Mudaraba End Date (as the case may be) shall be evidence of the occurrence of a Non-Payment Election or a Non-Payment Event, as the case may be.

• A good research design is the conceptual structure within which research is conducted; it constitutes the blueprint for problem formulation, collection and analysis of data (Kothari 2004).

More Definitions of Mudaraba Profit Distribution Date

Mudaraba Profit Distribution Date means 26 January and 26 July in each year, starting on (and including) the First Mudaraba Profit Distribution Date;

Mudaraba Profit Distribution Date means 14 January and 14 July in each year, starting on (and including) the First Mudaraba Profit Distribution Date;

Mudaraba Profit Distribution Date means 1 April and 1 October in each year, starting on (and including) the First Mudaraba Profit Distribution Date;

Mudaraba Profit Distribution Date means 29 May and 29 November in each year, starting on (and including) the First Mudaraba Profit Distribution Date;

Mudaraba Profit Distribution Date means 6 March and 6 September in each year, starting on (and including) the First Mudaraba Profit Distribution Date;

Mudaraba Profit Distribution Date means 2 January and 2 July in each year, starting on the First Mudaraba Profit Distribution Date; Mudaraba Reserve has the meaning given to it in the Mudaraba Agreement; Mudareb has the meaning given to it in Condition 5; Non-Payment Election has the meaning given to it in Condition 8.2; Non-Payment Event has the meaning given to it in Condition 8.1; Non-Viability Event means that the Financial Regulator has notified SIB in writing that it has determined that SIB is, or will become, Non-Viable without (a) a Write-down; or (b) a public sector injection of capital (or equivalent support); Non-Viability Event Write-down Date shall be the date on which the Write-down will take place as specified in the Non-Viability Notice, which date shall be as determined by the Financial Regulator; Non-Viability Notice has the meaning given to it in Condition 11.2; Non-Viable means (a) insolvent, bankrupt, unable to pay a material part of its obligations as they fall due or unable to carry on its business or (b) any other event or circumstance which is specified as constituting non-viability by the Financial Regulator or in applicable banking regulations; Ordinary Shares means issued ordinary shares of SIB, having on the Issue Date a par value of AED1.00 each; Other Common Equity Tier 1 Instruments means securities issued by SIB that qualify as Common Equity Tier 1 Capital of SIB other than Ordinary Shares; Outstanding Payments means, in relation to any amounts payable on redemption of the Certificates, an amount representing accrued and unpaid Periodic Distribution Amounts for the Periodic Distribution Period during which redemption occurs to the date of redemption plus Additional Amounts thereon, if any; Pari Passu Obligations means all subordinated payment obligations of SIB which rank, or are expressed to rank, pari passu with the Relevant Obligations; Payment Business Day has the meaning given to it in Condition 9.3;

Mudaraba Profit Distribution Date means 28 March and 28 September in each year, starting on (and including) the First Mudaraba Profit Distribution Date;