Normal Saving Accounts are the general saving accounts. Anyone can deposit and withdraw any time at any time as par the limit and regulation of the firm.
In the perspective of these Accounts the Bank is ‘Mudarib’ and customers are ‘Shahib Al-Mal’. On behalf of depositors, the Bank invests their deposited money and distributes minimum 60% of investment-income earned through develoyment of Mudaraba funds among Mudaraba depositors after the closing of the year.
Leave a Reply