Charity Fund definition

Charity Fund means a fund where income from Shari’ah non-compliant sources or penalties and late payment charges received from Customer(s) in default or overdue cases are channelled.
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Charity Fund. Means a fund maintained by the Islamic Banking Division, consisting of charity amounts recovered from Customers of the Islamic Banking Division, the amounts and proceeds whereof are to be applied for charitable purposes in accordance with the decision of Shariah.
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Charity Fund means a fund that is organized and operates on a not-for-profit basis with the aims of supporting the remedy of difficulties caused by disasters, conflagrations, epidemics or accidents and other disadvantaged persons in need of social assistance.
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Examples of Charity Fund in a sentence

  • The Charity Fund shall be used at the absolute discretion of the Institution, exclusively for the purposes of approved charity.

  • Description of Timber by Payment Unit (PU)PUMARKET GROUPPRODUCTQUANTITYUNITACRESADVERTISE PRICE1Balsam FirPulpwood107.0Cords17.0$5,327.25 Mixed Hardwood 139.0Cords Mixed Spruce 89.0Cords TOTAL:335.0Cords Sale Specific Conditions & Requirements Sale Name: Forgotten Aspen Sale Number: 45-105-19 Seq#: 1 1 - Sale Area1.2 - Boundaries 1.2.1 - Painted boundaries (1/14)The sale boundary and Payment Unit boundaries are marked and identified by red.

  • The Customer shall authorise the Bank as agent (Wakeel) by written instruction to deduct the whole or any part of the profit (if any) realised and earned to be apportioned to charity; and subsequently distribute and manage the charity fund according to the Bank’s Charity Fund Policy.

  • The Shirt Charity Endowment shall exist so that the interest acquired from the endowment may fund the Shirt Charity Fund account.

  • Any firm or individual who wishes to make a gesture of goodwill to the Council or its officers should be redirected to the Mayor's Charity Fund.

  • If this occurs, the starting balance amount of the Shirt Charity Fund shall be reevaluated by the Financial Management Board and approved by the Senate.

  • If Shirt Charity Fund requests approved by Financial Management Board exceed the balance of The Shirt Charity Fund, existing funds in The Shirt Profit account may be transferred directly to the Shirt Charity Fund account to cover any shortfall.

  • The Shirt Charity Fund balance should not exceed a starting fiscal year balance of $300,000.

  • All penalty funds will be channelled into the Charity Fund of the bank and will not be included in the income of the bank.

  • All penalties levied and all contributions to the Bank’s Charity Fund undertaken by the customer as per the facility terms, will be unconditionally paid to the BML Islamic’s Charity Fund, and the fund will not be used by the Bank for its own purposes either directly or indirectly and will be used for charitable purposes only.

Related to Charity Fund

  • Charity means a body which is either a “Scottish charity” within the meaning of section 13 of the Charities and Trustee Investment (Scotland) Act 2005 or a “charity” within the meaning of section 1 of the Charities Act 2006, providing (in either case) that its objects are limited to charitable purposes;

  • Charity care means care provided by a health care facility for which the provider does not expect to receive payment from the patient or a third-party payer.

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • New Fund means each of the series portfolios of the Trust, one of which shall correspond to one of the Current Funds as shown on Schedule A.

  • Superannuation Fund means the Local Government Superannuation Scheme.

  • Program fund means the program fund established under section 12D.4.

  • Special Fund means any fund other than the city general fund.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Graduate medical education and disproportionate share fund or “GME/DSH fund” means a reimbursement fund developed as an adjunct reimbursement methodology to directly reimburse qualifying hospitals for the direct and indirect costs associated with the operation of graduate medical education programs and the costs associated with the treatment of a disproportionate share of poor, indigent, nonreimbursed or nominally reimbursed patients for inpatient services.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Guaranty fund means the fund established by a local entity under Section 11-42-701.

  • the London Bombings Relief Charitable Fund means the company limited by guarantee (number 5505072), and registered charity of that name established on 11th July 2005 for the purpose of (amongst other things) relieving sickness, disability or financial need of victims (including families or dependants of victims) of the terrorist attacks carried out in London on 7th July 2005;

  • Third Party Funds means any segregated accounts or funds, or any portion thereof, received by Borrower or any of its Subsidiaries as agent on behalf of third parties in accordance with a written agreement that imposes a duty upon Borrower or one or more of its Subsidiaries to collect and remit those funds to such third parties.

  • Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

  • Charitable trust means any trust provided for in Section 8.2(a)(ii) and Section 8.3(a).

  • Local fund means any of the local retirement funds for

  • the We Love Manchester Emergency Fund means the registered charity of that name (number 1173260) established on 30th May 2017;

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Private Fund means an issuer that would be an investment company as defined in section 3 of the Investment Company Act of 1940 but for Section 3(c)(1) or 3(c)(7) of that Act.

  • Pension Fund means any person that: