Investment Accounts & Profit Distribution

This system handles deposit accounts opened under the Mudaraba concept, which is in compliance with the banks’ Shari’a Board, whereby the customer (depositor) is the provider of funds and the bank is the Mudarib who invest the funds received from the depositors in Shari’a compliant investments. The profit resulted from the investment will be distributed between the customer and the bank.

 

For further information about ICS BANKS® ISLAMIC Unrestricted and Restricted Investment Accounts & Profit Distribution, please do not hesitate to contact us at contactus@icsfs.com