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Our investment
account is based on the Islamic contract of Al-Mudharabah,
which refers to a contract made between depositors and the
Bank to enable the Bank to carry out business ventures
within the Shariah guidelines whereby both parties agree to
share the profits from their investment according to a
mutually agreed ratio.
When a
customer signs up for our investment account, he will be
provided with a certificate bearing the amount deposited.
The deposit will be invested in a specific duration: 1
month, 3 months, 6 months, 9 months, 12 months, 18 months,
24 months, 36 months, 48 months or 60 months. At then end of
the tenure, profit will be distributed according to profit
sharing ratio. |