This is the core
of savings
product of an Islamic Finance. The product is based on the
concept of al-mudarabah and as such, is also known as
profit-and-loss-sharing (PLS) or participatory
savings. At times such
savings allow withdrawal, but only at the cost of
foregoing the profit share. The product is based on the
concept of al-mudarabah. Depending upon the degree of
freedom accorded to the mudarib, intended end-use of
funds or eligibility of depositors, there are several types of
investment deposits. All of these follow the basic structure as
presented.
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