Profit Calculation Period definition

Profit Calculation Period means, in relation to a Mudarabah Account, a period of one, three, six, nine or twelve calendar months or any other period as may be required by the Customer at the Account opening date and approved by the Bank, It is the period in relation to which profits on the Mudarabah Funds shall be calculated from the realized profits.
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Profit Calculation Period means, in relation to a Mudarabah Account, a period of one, three, six, nine or twelve calendar months or any other period as may be required by the Customer at the Account opening date and approved by the Bank. It
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Profit Calculation Period means, in relation to an Investment Savings Account and Investment Time Deposit Account, a period of one (1), three (3), six (6), nine (9) or twelve (12) calendar months as shall be applicable to you or otherwise as determined by us, for which profits on the Mudaraba Funds is calculated; “Profit Payment Date” means the date on which the Bank pays your share of the profit amount, which shall fall no later than fifteen (15) days after the end of the relevant Profit Calculation Period;
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Examples of Profit Calculation Period in a sentence

  • Such variation shall be deemed to be effective upon the commencement of the Profit Calculation Period immediately succeeding such variation provided that such announcement or notice shall be made prior to at least thirty (30) banking days of such period.

  • In respect of Savings Account, profits shall be calculated on the minimum balance for the relevant period of profits calculation of the Saving Account and shall in respect of an average balance Saving Account be calculated on the monthly average balance of the Savings Account for the relevant Profit Calculation Period of the Account.

  • Any losses incurred on the Mudaraba Deposits during a Profit Calculation Period shall be borne solely by the Customer.

  • Such payment will be made on the basis of the previously declared Profit Amount for the last completed Profit Calculation Period.

  • The Bank reserves the right to vary the Mudarib‟s Profit Share and/or the Weightings from time to time in accordance with the prevailing regulations and/ or directives applicable to it, and such variation shall be deemed to be effective upon the commencement of the Profit Calculation Period immediately succeeding such variation.

  • We reserve the right to vary the ITDA Mudarib’s Profit Share and/or the Weightages from time to time in accordance with the prevailing regulations and/or directives applicable to it and such variation shall be deemed to be effective upon the commencement of the Profit Calculation Period immediately succeeding such variation.

  • The ITDA Profit Amount for an Investment Time Deposit Account shall be calculated on the monthly average balance of the Investment Time Deposit Account for the relevant Investment Period and the Profit Calculation Period is deemed to be one (1) calendar month unless you withdraw whole or part or part of the balance whenever you desire.

  • We reserve the right to vary the Mudarib’s Profit Share and/or the Weightages from time to time in accordance with the prevailing regulations and/or directives applicable to us and such variation shall be deemed to be effective upon the commencement of the Profit Calculation Period immediately succeeding such variation.

  • The Bank shall, upon realisation of profits 16 17 for the Profit Calculation Period, replenish the Investment Risk Reserves with actual Profit Amount accrued for the relevant number of days elapsed during such Profit Calculation Period during which profit was paid, but unrealized.

  • The Bank shall, upon realisation of profits for the Profit Calculation Period, replenish the Investment Risk Reserves with actual Profit Amount accrued for the relevant number of days elapsed during such Profit Calculation Period during which profit was paid, but unrealized.


More Definitions of Profit Calculation Period

Profit Calculation Period means each Calendar Month.
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Profit Calculation Period means, in relation to a Mudaraba Account, a period as shall be applicable to the Customer or otherwise as determined by the Bank, for which profits on the Mudaraba Funds (as defined in Clause 16.2) are calculated.
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Profit Calculation Period means, in relation to an Investment Savings Account and Invest- ment Time Deposit Account, a period of one (1), three (3), six (6), nine (9) or twelve (12) calendar months as shall be applicable to the Customer or otherwise as determined by the Bank, for which profits on the Mudaraba Funds as defined in sub-paragraph 2(a) of the Special Terms and Condi- tions;
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Related to Profit Calculation Period

  • Determination Period means the period from and including a Determination Date in any year to but excluding the next Determination Date; and

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Claim Determination Period means a calendar year. However, it does not include any part of a year during which a person has no coverage under This Plan, or any part of a year before the date this COB provision or a similar provision takes effect.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.

  • Profit Distribution Date means the date on which the Management Company decides to distribute the profits (if any).

  • Valuation Period shall have the meaning specified in Section 14.04(c).

  • Computation Period means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

  • Distribution Determination Date means, in respect of any Distribution Period, that number of business days prior thereto as is set out in the applicable Pricing Supplement or on the face of the relevant Perpetual Security;

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • FX Calculation Date means each day on which FX is published by the Fixing Sponsor. "FX Call Event" means each of the following events:

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • Proration Month means the month for which capacity is to be allocated under Item 7.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Fiscal Period means the period commencing on the Closing Date, and thereafter each period commencing on the day immediately following the last day of the immediately preceding Fiscal Period, and ending in each case at the close of business on the first to occur of the following dates:

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.