Alizz Islamic Bank’s Mudarabah Business Saver Account is based on the Islamic contract of Mudarabah. Under this scheme, Alizz Islamic Bank will enter into a Mudarabah contract with the customer, whereby; the bank will invest the customer’s funds in a Shari’a compliant ‘Mudarabah Pool’, and the resultant profits will be calculated and distributed between the bank and the customer at the end of each month. This means the better the bank performs, the higher profits the customer earns.
Suitable for the SMEs who wish to earn a return on their savings without a fixed lock-in period, the most important difference between this account and traditional business account is that the customers’ funds are invested in the Shari’a compliant Islamic assets.