Common use of Profit Payments Clause in Contracts

Profit Payments. 8) The PIFI agrees that all income of general pool of assets shall be applied in deriving the profit to the mudarabah participants in the general pool including SBP and that the profit allocation would be according to “Instructions for Profit & Loss Distribution and Pool Management for Islamic Banking Institutions (IBIs)” issued vide IBD Circular No. 3 dated November 19, 2012, as amended from time to time. The PIFI shall hold SBP’s share in profit separately for and on SBP’s behalf.

Profit Payments. 8) The PIFI agrees that all income of general pool of assets shall be applied in deriving the profit to the mudarabah participants in the general pool including SBP and that the profit allocation would be according to “Instructions for Profit & Loss Distribution and Pool Management Management” for Islamic Banking banking Institutions (IBIs)” ) issued vide IBD Circular No. 3 No.3 dated November 19, 2012, as amended from time to time. The PIFI shall hold SBP’s share in profit separately for and on SBP’s behalf.

Profit Payments. 8) The PIFI PIBI agrees that all income of general pool of assets shall be applied in deriving the profit to the mudarabah participants in the general pool including SBP and that the profit allocation would be according to “Instructions for Profit & Loss Distribution and Pool Management for Islamic Banking banking Institutions (IBIs)” issued vide IBD Circular No. 3 No.3 dated November 19, 2012, as amended from time to time. The PIFI PIBI shall hold SBP’s share in profit separately for and on SBP’s behalf.

Profit Payments. 8) 11) The PIFI agrees that all income of general pool of assets shall be applied in deriving the profit to the mudarabah Mudarabah participants in the general pool including SBP and that the profit allocation would be according to “Instructions for Profit & Loss Distribution and Pool Management for Islamic Banking banking Institutions (IBIs)” issued vide IBD Circular No. 3 No.3 dated November 19, 2012, as amended from time to time. The PIFI shall hold SBP’s share in profit separately for and on SBP’s behalf.

Profit Payments. 8) The PIFI PIBI agrees that all income of general pool of assets shall be applied in deriving the profit to the mudarabah participants in the general pool including SBP and that the profit allocation would be according to “Instructions for Profit & Loss Distribution and Pool Management Management” for Islamic Banking banking Institutions (IBIs)” ) issued vide IBD Circular No. 3 No.3 dated November 19, 2012, as amended from time to time. The PIFI PIBI shall hold SBP’s share in profit separately for and on SBP’s behalf.

Profit Payments. 8) The PIFI PIBI agrees that all income of general pool of assets shall be applied in deriving the profit to the mudarabah Mudarabah participants in the general pool including SBP and that the profit allocation would be according to “Instructions for Profit & Loss Distribution and Pool Management for Islamic Banking Institutions (IBIs)” issued vide IBD Circular No. 3 dated November 19, 2012, as amended from time to time. The PIFI PIBI shall hold SBP’s share in profit separately for and on SBP’s behalf.