Unrestricted Mudaraba definition

Unrestricted Mudaraba refers to an investment contract, whereby the Customer (the Rab Al Mal) provides capital to the Bank (the Mudarib) for the purpose of investment, by the Bank through the Mudaraba Pool in any or all of the investment and business activities carried out by the Bank in its capacity as the Mudarib/fund manager of the Mudaraba Pool in order to share the generated profit on the basis of a pre-agreed ratio/percentage while the loss, if any, is solely borne by the Rab Al Mal (in this case the Customer) unless there is a wilful misconduct or gross negligence by the Mudarib.
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Unrestricted Mudaraba refers to an investment contract, whereby the customer ،دمَ َتعمُ مدختس�م نم تاميلعت رودس� دعب ليمعلا حلاس�ل كنبلا لبق نم اهذيفنت .ةيلود وأا ةيلمح ةلماعلما تناك ءاوس� .ةدحتلما ةيبرعلا تارامإلا ةلود ينعت »م ع اإ « (the rab al mal) provides capital to the Bank (the mudarib) for the purpose of investment, by the Bank through the mudaraba pool in any or all of the investment and business activities carried out by the Bank in its capacity as the mudarib/fund manager of the mudaraba pool in order to share the generated profit on the basis of a pre- agreed ratio/percentage while the loss, if any, is solely borne by the rab al mal (in this case the customer) unless there is a wilful misconduct or gross negligence by the mudarib.
Sample 1
Unrestricted Mudaraba refers to an investment contract, whereby the Account Holder (the Rab ul Mal) provides capital to Ajman Bank (the Mudarib) for the purpose of investment, by Ajman Bank through the Common Mudaraba Pool in any or all of theinvestment and business activities carried out by Ajman Bank in its capacity as the Mudarib/fund manager of the Common Mudaraba Pool in order to share the generated profit on the basis of a pre-agreed ratio/percentage while the loss, if any, is solelyborne by the Rab ul Mal (in this case the Account Holder) unless there is a willful misconduct or gross negligence by the Mudarib.
Sample 1

Examples of Unrestricted Mudaraba in a sentence

  • Unrestricted Mudaraba contracts enable Islamic banks’ management to make discretionary investment decisions that best suits the financial goals of IAHs and the banks.

  • Bahrain Islamic Bank may allocate a percentage that varies between 1% and 10% of the Unrestricted Mudaraba profits to calculate the rate of profits reserve, and may also deduct an amount for bad debts, based on the loss incurred in the receivable assets, finance and investment and then the distribution of profits are made according to the ratios specified in item (B-1) above.

  • The contractor shall be responsible for any damages arising out of accident to workman, public or property due to storage, transportation and use of explosive during blasting operations.

  • Unrestricted Mudaraba can be divided into three distinct types, two of which are discussed below, while a third type is discussed below under Shares.• Mudaraba not fixed deposits are accepted without time frame (not fixed), hence the investors are free to withdraw their money at any time.

  • Unrestricted Mudaraba contracts enable Islamic banks’ management to make discretionary investment decisions in any type of business or project that best suits the financial goals of IAHs and the banks.

  • Other Islamic financial modes include: Musharaka, Diminishing Musharaka, Restricted and Unrestricted Mudaraba, Restricted and unrestricted Investment Wakala, Bay’ Bithaman Ajel, Murabaha for the purchase order, opera�ng and financial lease (Ijarah Muntahia Bi�amlik), Is�sna’ and Salam Sale.

  • Unrestricted Mudaraba is where the investor fully authorizes an IFI to invest the funds without restrictions as to where, how, and for what purpose the funds should be invested as long as it is deemed appropriate.

  • General Rules!  Unrestricted Mudaraba: General-in any business.

  • This type of Unrestricted Mudaraba is similar to time deposits at conventional financial institutions and usually generates higher profits in comparison to the former type.

  • A phytoremediation system was also installed along Bomber Road toassist in keeping contaminants from Meandering Road Creek.

Related to Unrestricted Mudaraba

  • Converted Unrestricted Subsidiary has the meaning specified in the definition of “Consolidated EBITDA.”

  • Unrestricted Subsidiary means any Subsidiary of the Company that is designated by the Board of Directors of the Company as an Unrestricted Subsidiary pursuant to a resolution of such Board of Directors, but only to the extent that such Subsidiary:

  • Unrestricted Person means (a) each Indemnitee, (b) each Partner, (c) each Person who is or was a member, partner, director, officer, employee or agent of any Group Member, a General Partner or any Departing General Partner or any Affiliate of any Group Member, a General Partner or any Departing General Partner and (d) any Person the General Partner designates as an “Unrestricted Person” for purposes of this Agreement.

  • Unrestricted area means an area to which access is neither limited nor controlled by the licensee or registrant. For purposes of these rules, “uncontrolled area” is an equivalent term.

  • Unrestricted Global Note means a permanent Global Note, substantially in the form of Exhibit A attached hereto, that bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, and that is deposited with or on behalf of and registered in the name of the Depositary, representing Notes that do not bear the Private Placement Legend.

  • Unrestricted Cash means all cash and cash equivalents other than restricted cash.

  • Unrestricted Subsidiaries means any Subsidiary of the Company that (a) shall have been designated as an “Unrestricted Subsidiary” in accordance with the provisions of Section 1.05 and (b) any Subsidiary of an Unrestricted Subsidiary; notwithstanding the foregoing, so long as a Subsidiary Borrower has Term Loans outstanding under this Agreement, such Subsidiary Borrower shall not be an Unrestricted Subsidiary.

  • Unrestricted Global Security means a Global Security that is not a Restricted Security.

  • Unrestricted Global Notes means Global Notes that are not required to bear, or are not subject to, the Restricted Notes Legend.

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Unrestricted Notes means one or more Notes that do not and are not required to bear the Private Placement Legend, including, without limitation, the Exchange Notes.

  • Unrestricted Securities with respect to any series of Securities, means a Security (i) effectively registered under the Securities Act and disposed of in accordance with a registration statement with respect to such series or (ii) distributed to the public pursuant to Rule 144 under the Securities Act or any similar provision then in force.

  • Unrestricted Subsidiary Indebtedness of any Unrestricted Subsidiary means Indebtedness of such Unrestricted Subsidiary

  • Unrestricted Stock means an Award pursuant to Section 11 hereof.

  • Converted Restricted Subsidiary has the meaning specified in the definition of “Consolidated EBITDA.”

  • Unrestricted Cash and Cash Equivalents means, with respect to any Person, cash and Cash Equivalents of such Person that are free and clear of all Liens and not subject to any restrictions on the use thereof to pay Indebtedness and other obligations of such Person.

  • Unrestricted Margin Stock means any Margin Stock owned by the Borrower or any Subsidiary which is not Restricted Margin Stock.

  • Unrestricted Shares means a grant of Shares made on an unrestricted basis pursuant to Section 13 of the Plan.

  • Unrestricted means the specified asset is not subject to any escrow, reserves or Liens or claims of any kind in favor of any Person.

  • Wholly Owned Restricted Subsidiary is any Wholly Owned Subsidiary that is a Restricted Subsidiary.

  • Unrestricted Definitive Note means one or more Definitive Notes that do not bear and are not required to bear the Private Placement Legend.

  • Unrestricted Definitive Notes means one or more Definitive Notes that do not and are not required to bear the Private Placement Legend.

  • Non-Restricted Subsidiary means any Subsidiary of the Company other than a Restricted Subsidiary.

  • Consolidated Restricted Subsidiaries means any Restricted Subsidiaries that are Consolidated Subsidiaries.

  • Unrestricted Definitive Security means Definitive Securities and any other Securities that are not required to bear, or are not subject to, the Restricted Securities Legend.

  • Domestic Restricted Subsidiary means a Restricted Subsidiary incorporated or otherwise organized under the laws of the United States, any State thereof or the District of Columbia.