Search Result
 
 
 
  Calculator
This field is required.
Fund amount
Monthly instalment
 
 
 
Deposits -->
 
Restricted Investment Account

Restricted Investment Account:

 

An Islamic investment account which is subject to certain restrictions imposed by the account holder with respect to the purpose, geographical distribution, and way of investing his funds. The Islamic financial institution or bank may be not allowed by investment account holders to commingle its funds with the restricted investment account funds available for investment. Other restrictions may relate to the types of transactions, subcontracting, collateralization, guaranteeing, etc. For example, an investment account holder could set a condition that the Islamic bank should refrain from investing his funds through credit sales or installment sales, or that it will not subcontract the investment operations to third parties, etc.

  Internet Banking
  ATM
  Branches
  Electronic Services