1. SOURCES OF FUND
AFIF ALIYANA BT ABU FITRI A156467
ERNI MARLIYANA BINTI ABDUL GHANI A152890
NUR ALISHA MADIHA BINTI MOHAMAD ISMAIL A152607
SITI NURSYAZWANI BINTI MUHAMMAD SUHAIMI A153431
2. Source of fundsWadi’ah Mudharabah
A trust arrangementand
involves the monitary
deposits with another
person, for safe keeping
A joint-venture profit
sharing contract
whereby one party is
the provider of capital
while the other is the
entrepreneur
Does not provide the
depositors with the
right to receive a share
of the profits
Islamic banks
mobilizesits customers’
deposits in current
accounts on the
contract of Wadi’ah Yad
Dhamanah (Guaranteed
custody)
The profit will be shared
between parties whom
involved in the contract
according to the terms
of their agreement
The losses will be borne
by the capital provider
while the entrepreneur
suffers of their fruitless
effort
Example of Islamic
bank that applied
this contract:
• Bank Muamalat
• Maybank Islamic
• CIMB Islamic
• Bank Rakyat
• Public Bank
• BIMB
Example of Islamic
bank that applied
this contract:
• BIMB
• Maybank Islamic
• CIMB Islamic
• Bank Rakyat
• Public Bank
• Bank Muamalat
3.
4. Capital &
Equity
Capital is the
amount injected
into the Islamic
bank during the
setting-up stages
i.e. the paid-up
capital of the
Islamic bank.
Equity is usually the
retained earning of
the Islamic bank
that accumulated
during its
operational period.
6. An account into
which customer
can deposit money
and effect
payments by the
drawing of
cheques
1. Al-wadiah Yad
Dhamanah – The
bank accepts
deposits from
customers looking
for custody of their
funds. 2. The bank
requests
permission from
customers to make
use of their funds
so long as these
funds remain with
the bank
3. The customers
may withdraw a
part or the whole
of their balances at
any time, and the
bank guarantees
the refund of such
balances.
Wadiah
Current
Account
7. Contract made
between
depositors (capital
provider) and Bank
(entrepreneur)
1. The amount
deposited for
stipulated period
by the depositor
will be used by the
bank for
investment
purposes 2. The bank
becomes wholly
responsible and
liable in the
management and
investment – halal
business ventures
3. Profits gained
will be divided and
distributed
according to the
agreement that
have been made
Mudharabah
Current
Account
8. The bank is not
obligated in any
way to give
returns on
depositors
The bank accepts
deposits from customers
looking for custody of
their funds and a degree
of convenience in their
use together with
possibility of some profits
in the form SA
Mobilizes customers’
deposits under the
contract – Al-wadiah Yad
Dhamanah its
modification on the
payment of profit at the
absolute discretion of the
bank
The banks may
reward its
customer a
certain amount of
return as deemed
fit
Mudharabah
Current
Account
9. Saving Account
Protect the depositor’s money
The Islamic bank may decide to pay a
premium or hiba depends in its
discretion to the holders of savings
accounts.
If there is a profit, it is depend to the
bank either want to share it with the
depositor or not
If the loss occurred, the amount of
the depositors' money remains as
usual
The bank can use the depositor’s
money for business purposes
Operate under the Al-wadiah Yad
Dhamanah principle
Balance for the
month
× Rate ×
1
No. of days in
the month
12
11. General Investment Account
Operates under the Mudaraba al-mutlaqa principle
Also known as al-Mudharabah
The bank will accept deposits from customers which based on the motif of
investment and capital development on the basis of al-Mudharabah
The Mudarib (active partner) must have absolute freedom in the
management of the investment of the subscribed capital
The bank will act as entrepreneurs while depositors will act as owners of
capital
Al-Mudharabah contract means sharing profits and losses
Profits will be divided according to the proportion that have been agreed