Profit Distribution Date means the date on which the Management Company decides to distribute the profits (if any).
Profit Distribution Date means the date on which the Ma nagement Company dec ides to distribute the profits (if any).
Profit Distribution Date means each date for the payment and distribution of Profits on the Sukuk.
Examples of Profit Distribution Date in a sentence
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 (Effect of Non-Payment Event or Non- Payment Election), the fact of non-payment of the Relevant Rab-al-Maal Mudaraba Profit Amount (or any part thereof) 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 Profit Distribution Date
Profit Distribution Date means the 20th day of March, June, September and December in each year or, if such Profit Distribution Date is not a Business Day, the next following Business Day;
Profit Distribution Date means the dates on which profit shall be distributable to the account holder by Rafa National Savings subject to the provisions of rule 9 in accordance with the procedures determined by the Rafa National Savings under the guidance of the Sharia Board;