Bunna Bank

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2023-09-07 22.32.11

Mudarabah Investment Account​

It refers to a form of partnership in which the Customer (Rabb-ul-Maal) as a partner provides the funds/capital and the Bank (“Mudarib”) as the second party provides its expertise and management skill concerning the investment. Any profits accrued are shared between the two parties based on a pre-agreed profit sharing ratio, while loss is borne by the Customer.

There are two types of Mudarabah investment account; namely Ristricted and Unrsitricted Mudarabah Investment account. Currently, Bunna Bank is providing to its esteemed customers unrestricted types of mudarabah investment account and it is operated using Mudarabah saving account and Fixed term Mudarabah investment account.

Mudaraba saving account

This is an investment account where the customer deposits money for an unspecified period and share both the profit and loss as per pre-agreed ratio. The account shall be opened for any legal and natural person, who is interested to share profit and loss with the Bank;  The Minimum Amount to open the Account is Birr 100; However, to be eligible for profit distribution MADB (Minimum Average daily balance) shall be birr 5,000 (Five thousand Birr);  

Fixed term Mudarabah Investment account

It is governed by the principle of Mudarabah operated for limited period of time and the bank may offer a higher PSR (profit Sharing ratio) for its Mudarabah investment account holders if the tenure (time) for term deposit becomes longer;

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