Examples of Unrestricted Investment in a sentence
Unrestricted Investment AccountsWith this type of account, the investment account holder authorizes the Islamic bank to invest the account holder’s funds in a manner which the Islamic bank deems appropriate without laying down any restrictions as to where, how and for what purpose the funds should be invested.
Unrestricted Investment AccountsWith this type of account, the investment account holder authorizes the Islamic bank to invest the account holder‟s funds in a manner which the Islamic bank deems appropriate without laying down any restrictions as to where, how and for what purpose the funds should be invested.
In consideration of such waiver, other Unrestricted Investment Account Customers and other Wakala Investment Accounts Customers (as the case may be) shall release the Customer of any losses that have not yet been apparent while investing the funds available in the Unrestricted Investment Account or Wakala Investment Accounts.
Unrestricted investment accounts held with the Bank in the Kingdom of Bahrain are covered by the Regulation Protecting Deposits and Unrestricted Investment Accounts issued by the Central Bank of Bahrain in accordance with Resolution No. (34) of 2010.
That it shall not be entitled to claim a refund of the profit which was allocated to the profit equalization reserve and the investment risk reserve, generated from the amounts invested by the Customer in any Unrestricted Investment Account or Wakala Investment Accounts and that any such profit will be treated in accordance with profit equalization reserve and investment risk reserve guidelines.
The Customer agrees and acknowledges that the Bank has established profit equalization reserves to allocate a certain percentage of the profits generated from the Unrestricted Investment Accounts and Wakala Investment Accounts in order to use such allocated profit in the future should the profit of the Unrestricted Investment Accounts or Wakala Investment Accounts decrease and for the purpose of smoothing future profit distributed to the Customer and the Bank.
The Customer acknowledges and agrees that in order to protect the investment of the Customer, the Bank has established investment risk reserves in which a certain percentage of the profit generated from the Unrestricted Investment Accounts and Wakala Investment Accounts, after allocating the Bank’s portion of all profits from Mudharaba Investment Accounts and Wakala Investment Accounts, will be maintained in these reserves.
In the ordinary course of the Debtors’ business, certain third-party investors placed cash, in the form of Unrestricted Investment Accounts (“URIA”) and Restricted Investment Accounts (“RIA”), with Arcapita Bank.
Percentage rate of return to URIA and shareholders from Mudaraba Profit Amount in BD ‘000DISPLACED COMMERCIAL RISK - URIA:Displaced Commercial Risk Unrestricted Investment Account (PD-1.3.41 (d))Type of ClaimsTable – 33.
Those boards, commissions and committees referred to in this chapter which possess decision-making authority shall develop and adopt a conflict of interest code in accordance with the Political Reform Act of 1974, which shall take effect upon approval by the board of supervisors.