Partnership (Mudharabah) Term Deposittajadmin2019-10-25T00:58:49+01:00
Partnership (Mudharabah) Term Deposit
This is a trustee profit sharing account through which the customer entrusts the bank to utilise the deposits for its financing and investments activities without any interference. It is a fixed tenured deposit or time liability which can only be withdrawn on written notice to the bank by the customer. This deposit is payable to the customer subject to its maturity or subject to a period of notice. The customer is entitled to receive profit on their deposit after the expiry of the period on the basis of weightage as determined and assigned by the bank.