Profit Equalization Reserve definition
Profit Equalization Reserve means the reserve account to which KHCB may, from time to time prior to the allocation of Profit in accordance with the Profit Allocation Schedule, remit profit generated from Unrestricted Investment Accounts to protect the Clients from adverse movements in profitability. Percentage of profit remitted to the Profit Equalization Reserve is determined by KHCB in line with the policies of Sharia Supervisory Committee and shall not exceed 5% of the profit.