Termination of Al-Wadiah Yad Dhamanah & Al-Mudharabah Mutlaqa




Al-Wadiah yad Dhamanah
Al-Mudharabah Mutlaqa
Bank Islam
  • If no transaction within one year, bank shall consider customer account as dormant.
  • For an account with balance less than RM 5 the balance in the account will be deducted as service charge and the account shall be close.
  •  The death or insanity of customer.
  • Bankruptcy
  • Can be terminate at any time by either customer or bank by giving a notice.
  •  If not particular term, it will terminate at the end of the term.
  • The assets is not in cash form, they will be sold and liquidated. So actual profit may be terminated.
Maybank
  • Termination by either party.
  • Wrong doing/fault or negligent.
  • The death or insanity of customer.

  • Unilateral termination.
  • On date of maturity if the two parties had earlier agreed to set the time limit.
  • When fund of mudharabah has been exhausted or suffered loss
  • The death of customer
  • Insanity of customer.