Profit Sharing Ratio and Weightage of Trust Islamic Banking
Profit distributions are executed as per approved weightage table.
Sl. No. |
Deposit Type |
Weightage |
||
Mudaraba Savings Deposit | ||||
---|---|---|---|---|
1. |
Profit distributions are executed as per approved weightage table.
Sl. No. |
Deposit Type |
Weightage |
||
Mudaraba Savings Deposit | ||||
---|---|---|---|---|
1. |
Salient Features:
Salient Features:
Salient Features:
Import business
Import business is predominantly conducted through Letter of Credit. A letter of Credit (LC) is a written undertaking given by the Bank to a seller / exporter to the effect that the Bank will pay the seller a certain amount stipulated in the LC, provided that the seller complies with the terms and conditions of the LC. The Bank issues the LC mainly under the following contractual concepts:
Export business
Hire Purchase under Shirkatul Melk is a synthesis of three contracts:
SHIRKAT
Shirkat means partnership. Shirkatul Melk means share in ownership. When two or more persons supply equity, purchase an asset, own the same jointly, and share the benefit as per agreement and bear the loss in proportion to their respective equity, the contract is called Shirkatul Melk contract
IJARAH
Hire Purchase under Shirkatul Melk is a synthesis of three contracts:
SHIRKAT
Shirkat means partnership. Shirkatul Melk means share in ownership. When two or more persons supply equity, purchase an asset, own the same jointly, and share the benefit as per agreement and bear the loss in proportion to their respective equity, the contract is called Shirkatul Melk contract
IJARAH
Target Customers:
Any credit worthy individuals like:
Tenor: Up to 25 years(Must be within the maximum allowable age of the Applicant & property)
Approved Plan & Deviation of Plan :