The SOCIAL ISLAMI BANK LTD (SIBL), a second-generation commercial bank, operating since 22nd November, 1995 based on Shariah' Principles, has now 158 branches all over the country with two subsidiary companies - SIBL Securities Ltd. & SIBL Investment Ltd
In Mudharabah financing, the entrepreneur returns the principal and profit to the investor based on a predetermined ratio, whereas any losses are exclusively borne by the capital provider. Similarly, the return for venture capitalists can be very high or a complete loss (Gifford, 1997). In ...
Other liabilities Accumulated provision against loans and advances (Note 13.1) Accrued profit on investment - Islami banking branch Provision for current tax (Note: 13.2) Deferred tax liabilities (Note: 13.3) Interest suspense account (Note: 13.4) Retained revenue with ABBL, Mumbai Branch Provision ...
Profit paid on deposits (Islami Banking Branch) Profit paid to different Mudaraba depositors is recognised on accrual basis as per provisional rate. However, the final rate of profit is determined and to be paid to the depositors as per Annex H. Other operating expenses All other operating ...
–––– 23 –––– AB Bank Limited Notes to financial statements for the year ended 31 December 2011 Profit paid on deposits (Islami Banking Branch) Profit paid to different Mudaraba depositors is recognised on accrual basis as per provisional rate. However, the final rate of profit is ...