Mudarabah Accounts definition

Mudarabah Accounts means subject to Clause 16.1(a), the Investment Deposit Account and the Savings Account, and any other accounts opened on Mudarabah basis.
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Mudarabah Accounts means, in respect of each Mudarabah Profit Distribution Period, the accounts of the Mudarabah prepared by (or on behalf of) the Mudarib;
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Examples of Mudarabah Accounts in a sentence

  • Only Mudarabah Accounts which satisfy the minimum or the average balance requirements as agreed upon with the Bank shall be the Qualifying Accounts for receiving profits of the profits accrued.

  • Account(s): means any bank account(s) opened and operated by the Customer with the Bank in accordance to the rules and Principles of Islamic Shari'ah, these Terms and Conditions of the Bank and where the context requires, shall include the Current Account and/or the Mudarabah Accounts (either for a specified or unspecified period, such as Investment Deposit Account, Saving Account ).

  • The Bank may add special types of Mudarabah Accounts provided that the terms and conditions of the same shall be specified in the Addendum.

  • The Bank may add special types of Mudarabah Accounts provided that the terms and conditions of the same shall be specified in the Addendum.D. 17.CARD TRANSACTIONS This Clause applies to the use of a Card issued and provided by the Bank to a and Conditions if the Account is established in two or more names or if the Card is issued to two or more persons.

  • The Customer is aware that all balance in the Mudarabah Accounts (including the Investment Deposits) are exposed to potential losses arising out of a potential loss and that such losses may even affect the principal amount of the funds deposited by the Customers in the Mudarabah Account.

  • A fixed-point ring is a tuple (Z2l, lx, lf ) where Z2l is the ring of integers modulo 2l, and lx, lf are positive integers with lf lx l 1.

  • Account(s): means any bank account(s) opened and operated by the Customer with the Bank in accordance to the rules and Principles of Islamic Shari’ah, these Terms and Conditions of the Bank and where the context requires, shall include the Current Account and/or the Mudarabah Accounts (either for a specified or unspecified period, such as Investment Deposit Account, Saving Account ).

  • The Customer may make withdrawals from any Mudarabah Accounts in accordance with Clause 3.3 except the Investment Deposit Account the withdrawal of which is subject to specific conditions in accordance with these Terms and Conditions.

  • RATIOSFigure 2: IBBL’s Capital Adequacy Ratio From IBBL’s Basel II Compliance disclosures, we note that Mudarabah Accounts are simply treated as deposits accounts and do not appear in the computation of Tier 1 and Tier 2 Capital.

  • Account(s): means any bank account(s) opened and operated by the Customer with the Bank in accordance to the rules and Principles of Islamic Shariˇah, these Terms and Conditions of the Bank and where the context requires, shall include the Current Account and/or the Mudarabah Accounts (either for a specified or unspecified period, such as Investment Deposit Account, Saving Account ).

Related to Mudarabah Accounts

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Separate Accounts means the accounts which are to be prepared for each

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Collection Accounts As defined in Section 3.10(a).

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Other Accounts means all of the accounts and funds, other than the Sub-Advised Assets, managed by the Sub-Adviser for or on behalf of Northern Trust Investments, Inc. and/or its affiliates that have a substantially similar investment strategy for which the Sub-Adviser is being engaged pursuant to this Agreement.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Locked Box Accounts means the unaudited accounts of the Group, consisting of a balance sheet as at the Locked Box Date in the Agreed Form;

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Earnings Accounts means the bank accounts of each of the Obligors from time to time each of which shall be held with the Agent or any of the Agent’s corresponding banks and to which all the Earnings and any proceeds of the Insurances shall be paid.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Intercompany Accounts has the meaning set forth in Section 2.03(a).

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.