Mudaraba definition

Mudaraba means a partnership in profit in which one party provides capital (“Rab-al-Maal” or “Mudarabah Investor”) and the other party provides its expertise, skill and effort in the investment of such capital (“Mudarib” or “Mudarabah Manager”). Profit, if any, is shared between the parties as per an agreed common ratio. Unless financial loss (if any) is not due to the Mudarib‘s negligence,. Infringement or violation of the terms and conditions of the contract, it shall be borne solely by the Mudarabah investor while the Mudarib will lose his efforts and time spent.

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Mudaraba means a sharia arrangement between a bank and a client of that bank whereby—

Mudaraba means a partnership in profit in which one party provides capital (“Rab-ul-maal” or “Mudaraba Investor”) and the other party provides its experience and skill in relation to the investment of such capital (“Mudarib” or “Mudaraba Manger”). Profit, if any, is shared between the parties as per an agreed ratio while loss, if any, is borne solely by the Mudaraba Investor.

Examples of Mudaraba in a sentence

• The Trustee shall apply its share of the profit (if any) generated by the Mudaraba on each Periodic Distribution Date to pay the Periodic Distribution Amount due to the Certificateholders on such date.

• No investigation or enquiry will be made and no due diligence will be conducted in respect of any Mudaraba Assets.

• Furthermore, whilst the Mudareb has agreed in the Mudaraba Agreement to ensure that the Mudaraba Capital is invested in accordance with the Investment Plan (and with the degree of skill and care that it would exercise in respect of its own assets), the Mudaraba Agreement also provides that there is no guarantee of any return from the Mudaraba Assets.

• Therefore, it will only be possible to enforce claims for payment of the applicable Dissolution Distribution Amount and/or Periodic Distribution Amounts in respect of the Certificates when the same have become due pursuant to the Mudaraba Agreement and the Conditions.

• In the absence of notice of such Non-Payment Election or Non-Payment Event, as the case may be, having been given in accordance with this Condition 8.3, the fact of non-payment of the relevant Periodic Distribution Amount on the relevant Mudaraba Profit Distribution Date or Mudaraba End Date, as the case may be, shall be evidence of the occurrence of a Non-Payment Election or a Non-Payment Event, as the case may be.

More Definitions of Mudaraba

Mudaraba has the meaning given to it in Condition 5 (The Trust); "Mudaraba Agreement" has the meaning given to it in Condition 5 (The Trust); "Mudaraba Assets" has the meaning given to it in Condition 5 (The Trust); "Mudaraba Capital" has the meaning given to it in Condition 5 (The Trust);

Mudaraba means a partnership in profit in which one party provides capital (“Rab al Maal” or “Mudaraba Investor”) and the other party provides its expertise and skill in relation to the investment of such capital (“Mudarib” or “Mudaraba Manager”). Profit, if any, is shared between the parties as per an agreed ratio while loss, if any, is borne solely by the Mudaraba Investor (as the case may be) as per the laws of Kenya notwithstanding the fact that it is contrary to Shari’ah. This does not apply to Current Account Customers; “Mudaraba Assets” means the assets in which the Bank invests the Mudaraba Pool;

Mudaraba means a partnership in profit in which one party provides capital (“Rab-al-Maal” or “Mudaraba Investor”) and the other party offers its expertise and skill about the investment of such capital (“Mudarib” or “Mudaraba Manager”). Profit, if any, is shared between the parties as per an agreed ratio, while loss, if any, is borne solely by the Mudaraba Investor (as the case may be).

Mudaraba means a form of partnership where one partner provides funds, while other provides skill, expertise and management.

Mudaraba has the meaning given in Recital (D);

Mudaraba means a partnership in profit in which one party provides capital (“Rab-al-Maal” or “Mudarabah Investor”) and the other party provides its expertise, skill and effort in the investment of such capital (“Mudarib” or “Mudarabah Manager”). Profit, if any, is shared between the parties as per an agreed common ratio.

Mudaraba means an Islamic financial principle under which two parties enter into a partnership whereby one party provides the funds to the other party who provides the expertise needed to invest the funds in a Shariah compliant manner.