Mudarib definition

Mudarib means Commercial Bank of Ceylon PLC as the Manager of the Mudaraba Fund.
View Source
Mudarib means entrepreneur or managing trustee in an investment and for the purpose of these Terms and Conditions, the Mudarib refers to the Bank;
View Source
Mudarib means entrepreneur.
View Source

Examples of Mudarib in a sentence

  • The Mudarib Profit Sharing Ratio (PSR) may be varied from time to time and the same can be obtained from the SPV upon request as well as shall be available on the website of SPV/SBP/ agent bank.

  • The Bank shall issue a receipt of investment deposit advice to the Customer, showing the amount deposited, the investment term, the effective date of the deposit and its expiry date, investment weightages and applicable share of the Mudarib.

  • In case of profit earned by the Fund, the Mudarib will be entitled to the pre agreed percentage share of the profit generated from the Mudaraba Fund and the balance shall be distributed among the owners of the Fund pro rata.

  • Any loss incurred in the Mudaraba Fund as a result of any act committed by the Mudarib which involves gross negligence or apparent misconduct on the part of the Mudarib, shall be solely borne by the Mudarib.

  • The profit of the Mudaraba Fund, however, will be calculated and announced in periodic intervals as decided by the Mudarib for the profits realized up to the relevant period.

  • The Mudarib is empowered to charge expenses directly connected with the administration of the Mudaraba Fund, to the Mudaraba Fund.

  • Expenses incurred in the management of the funds will be borne by the Mudarib.

  • At every profit distribution cycle, the Mudarib at his sole discretion and judgment may transfer to a loss provision account from profits distributable to investors, such amounts as the Mudarib considers prudentially necessary for the long term safety of capital sums invested in the Mudaraba Fund.

  • This is however also subject to any losses occurring in the Mudaraba Fund in which case the Mudarib will deduct a pro-rated portion of the loss when making payments.

  • The Bank, as Mudarib, reserves the right to deduct, a certain percentage of the shares of both depositor and shareholders from the net Profit in the joint investment pool before deducting Mudarib’s share, for the purpose of profit stabilization for the benefit of the depositors and shareholders.


More Definitions of Mudarib

Mudarib means a working partner, who provides entrepreneurship, skill and management under a Mudaraba agreement as distinct from the Rub-ul-Mal who provides the finance.
View Source
Mudarib. ’ means the Obligor in its capacity as such pursuant to the Master Restricted Mudaraba Agreement;
View Source
Mudarib means Estithmar in its capacity as such pursuant to the Master Mudaraba Agreement;
View Source
Mudarib means entrepreneur or managing trustee in an investment and for the purpose of
View Source

Related to Mudarib

  • LHSIA means the Local Health System Integration Act, 2006, and the regulations made under it, as it and they may be amended from time to time;

  • Marihuana means that term as defined in section 7106 of the public health code, 1978 PA 368, MCL 333.7106.

  • Parade means any procession or body of pedestrians, except members of the Armed Forces, numbering more than 30, standing, marching or walking on any street or sidewalk, or any group of vehicles numbering ten or more, except funeral processions, standing or moving on any street;

  • POPI means the Protection of Personal Information Act, 4 of 2013;

  • POPIA means the Protection of Personal Information Act 4 of 2013;