Definition
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- An account between the depositor
(account holder) and also the bank (trustee) for the safe keeping purposes of
the goods (money).
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- A form of investment account. This is
a kind of partnership between customer and bank. Which the customer is called
as “Rab-ul-Maal” (wealth/property owner) deposits his money into the bank.
- Then, the bank is called as “Mudarib”
(the fund manager/entrepreneur) that will subsequently use the money for the
investment purpose.
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