Partnership (Mudarabah) Savings Account
This is one of the investment partnership contracts where the customer authorizes the Bank to invest their cash deposits with the Bank. The customer may deposit or withdraw their funds at will. The Mudaraba funds are allocated by the Bank to a deposit pool from where they are invested in an ethical and responsible manner. Accrued profits are usually shared from time to time (30 days) between the depositors and the Bank based on pre-agreed sharing ratio.