Deposit Funds

Deposit Funds are nemely: Current Deposit Account, Savings Deposit Account and Term Deposit Account. For further details see: ISRA, Islamic Financial System; Principles and Operations.

Savings Account


Can a Minimum Balance Be Stipulated to Maintain an Investment Account?
What to Do with Profits from Investment Accounts Closed by Their Owners when the Old Address Is not Valid?
Can an Islamic Bank Provide Aid to Certain Clients in Return for Keeping Accounts with the Bank?
RESOLUTION No. 86/3/95: "BANK DEPOSITS (Bank Accounts)"
How to Treat an Overdraft on an Investment Account?
Can an Islamic Bank Sequester Funds in the Account of a Customer Who Applies to Open an L.C.?
الجوائز النقدية أوالعينية
الجوائز النقدية أو العينية على الحسابات
ودائع الادخار
توزيع جوائز للحسابات الجارية والادخارية
Transferring The Balance Of Certain Current Accounts To Savings Accounts
What is the Rule When an Unrestricted Investment Deposit Holder Wants to Withdraw His Deposit before the End of the Deposit Period?
Is It Allowed to Open an Account for a Minor Orphan with His Guardian Listed as His Father?
Can an Islamic Bank Impose Fees on Some Accounts and Not Others?
Is a Customer Allowed to Transfer Funds from His Savings Account to His Current Account?
Is It Allowed to Restrict the Right to Withdraw from an Investment Deposit Account?
How Should an Amount Transferred from a Savings Account to an Insurance Account Be Considered?
Is it Permissible to Distribute Gifts to those who Open Accounts at Banks?
What’s the Committee’s Opinion Regarding the Following Proposals: Accepting Deposits, Execution of Banking Services and Financing & Investment Operations?
How to Calculate the Zakat on the Bank’s Items Such as Current Account, Investment Savings Accounts, Investment Deposit Accounts and Other Items?
What’s the Shariah Opinion Regarding Balances in the Claims Account That Have Been There for a Long Time Linked to Past Customers Who Cannot Be Reached?
Client Investment Savings, and Current Deposits as Guarantee in Murabahah Transactions

Current/Checking Account


Can the Lessor Invest the Tenant’s Security Deposit?
Can High Net-Worth Accountholders Be Promised Special Privileges?
Can the Bank Impose Charges on Withdrawals from a Current Account?
Can the Bank Impose Restrictions on Withdrawals from a Current Account?
Changing a Check in a Foreign Currency; What Day’s Price Should Be Recorded?
Using Current Account Deposit as Pawn
Can an Islamic Bank Charge a Customer for Writing a Bounced Check?
Can an Islamic Bank Provide Aid to Certain Clients in Return for Keeping Accounts with the Bank?
RESOLUTION No. 86/3/95: "BANK DEPOSITS (Bank Accounts)"
Resolution No. 83: Amānah (Safekeeping) Precious Metals Accounts
Resolution No. 149: The Corporation usage/disposal of (inactive) small-balance accounts with the guarantee of such accounts
Can an Islamic Bank Sequester Funds in the Account of a Customer Who Applies to Open an L.C.?
قرار رقم 143 (1/16) بشأن زكاة الحسابات المقيدة وشركات التأمين الإسلامية والتأمينات النقدية ومكافآت نهاية الخدمة
الجوائز النقدية أوالعينية
الجوائز النقدية أو العينية على الحسابات
الحسابات الجامدة (غير المتحركة)
تقاضي البنك مصاريف من العميل لفتح الحساب الجاري وإمساكه
توزيع جوائز للحسابات الجارية والادخارية
Wadiah And Mudharabah Current Account
Transferring The Balance Of Certain Current Accounts To Savings Accounts
Can Money in a Current Account Be Used as Security for a Debt?
What is the Rule When an Unrestricted Investment Deposit Holder Wants to Withdraw His Deposit before the End of the Deposit Period?
Can an Islamic Bank Charge a Fee for Issuing a Bank Draft?
What is the Ruling on Funds with Unknown Account Holders?
Can an Islamic Bank Give Financial Aid to Charitable Organizations with Accounts at the Bank?
Can an Islamic Bank Give Some Current Account Holders Special Privileges?
Can an Islamic Bank Give Gifts to Holders of Accounts Having Funds above a Certain Amount?
Can an Islamic Bank Impose Fees on Some Accounts and Not Others?
Is a Customer Allowed to Transfer Funds from His Savings Account to His Current Account?
Is it Allowed to Deposit Funds in a Conventional Bank in Exchange for Reduced Fees on Tawarruq Transactions?
How Should an Amount Transferred from a Savings Account to an Insurance Account Be Considered?
Is it Permissible to Distribute Gifts to those who Open Accounts at Banks?
Is it allowed to charge a nominal fee on a VIP customer’s current account to cash issued cheques?
Application of Mudarabah Contract in Current Account Product
Current Account Product Based on Wadi`ah Yad Dhamanah and Mudarabah Contracts
Application of Conventional Overdrafts to Cover Insufficiency in Wadi`ah Current Account
What’s the Committee’s Opinion Regarding the Following Proposals: Accepting Deposits, Execution of Banking Services and Financing & Investment Operations?
How to Calculate the Zakat on the Bank’s Items Such as Current Account, Investment Savings Accounts, Investment Deposit Accounts and Other Items?
Is It Allowed to Collect a Nominal Amount as a Fee for Each Over-the-Counter Withdrawal Slip from a Current Account?
What’s the Shariah Characterization of the Current Account?
Is It Allowed to Reserve 10 Kuwaiti Dinars in Automated Service Accounts of Which KFH Will Invest 6 Kuwaiti Dinars While the Rest Will be Treated like a Current Account?
What’s the Shariah Opinion Regarding Balances in the Claims Account That Have Been There for a Long Time Linked to Past Customers Who Cannot Be Reached?
Client Investment Savings, and Current Deposits as Guarantee in Murabahah Transactions

Term/Time Account


Can an Islamic Bank Let Companies That Deal With Usury Have Current Or Investment Accounts?
RESOLUTION No. 86/3/95: "BANK DEPOSITS (Bank Accounts)"
Investment Deposit Account As Pawn in Murabaha Financing
قرار رقم 143 (1/16) بشأن زكاة الحسابات المقيدة وشركات التأمين الإسلامية والتأمينات النقدية ومكافآت نهاية الخدمة
الجوائز النقدية أو العينية على الحسابات
انخفاض قيمة العملة
أرباح الودائع بالعملة الصعبة
استثمار البنك ودائع العملاء بالعملة الصعبة وردها بالعملة نفسها
الحسابات الجامدة (غير المتحركة)
(كسر الوديعة (التخارج
حساب فترة الوديعة الاستثمارية
الأرباح من وديعة الاستثمار
العائد على ودائع الاستثمار
عمل وديعة مخصصة من دون خلطها بأموال المصرف
أرباح المضاربة في حالة سحب الوديعة قبل انقضاء مدة المضاربة
توزيع الجوائز النقدية لودائع الاستثمار
توزيع الأرباح الناتجة عن عملية الاستثمار
When Does an Agent Record the Profit from Murabahah on Behalf of His Principal?
Special Investment Account
Can an Investment Deposit be Used as Security for a Deferred Payment Sale?
What is the Rule When an Unrestricted Investment Deposit Holder Wants to Withdraw His Deposit before the End of the Deposit Period?
When Should Profits Earned Be Credited to the Accounts of Investment Account Holders?
Can an Investor Withdraw from an Investment Project before Its Term?
Can a Condition of Investment Link the Right of Withdrawal to Relinquishment of any Share in the Profit or Loss?
How to Treat a Customer Who Withdraws his Deposit from an Unrestricted Investment Account before the Agreed Time?
Is It Allowed to Mix Deposits of Different Periods?
Can Investment Accounts Share in the Same Profit and Loss Calculation if They Are Opened on Different Dates?
How to Treat a New Deposit in a Mudarabah Investment Account?
Is It Allowed to Restrict the Right to Withdraw from an Investment Deposit Account?
What is the Investment Procedure in Case an Investment Savings Account is Opened in a Foreign Currency?
What is the Ruling on Withdrawal of a Deposit Made in Foreign Currency from an Investment Account Before the End of the Deposit Period?
Issues in Foreign Currency Investment
Is It Allowed to Invest Zakah Funds?
Charging Fees on Services
What is the ruling on charging a nominal fee for withdrawing an investment deposit before the end of its period?
Is it Permissible to Distribute Gifts to those who Open Accounts at Banks?
Is the Guarantee of Specific Percentage in Investment Contracts Permissible?
Profit Equalisation Reserve
Administrative Costs in Mudarabah Deposit Account
Indirect Expenses
Assignment of Weightage
Practice of Islamic Financial Institutions in Transferring Mudarabah Investment Profit to Customer to Avoid Displaced Commercial Risk
Application of Wakalah bi al-Istithmar in Deposit Product
Ibra’ in Home Financing Product Linked to a Wadi`ah or Mudarabah Deposit Account
What’s the Committee’s Opinion Regarding the Following Proposals: Accepting Deposits, Execution of Banking Services and Financing & Investment Operations?
How to Calculate the Zakat on the Bank’s Items Such as Current Account, Investment Savings Accounts, Investment Deposit Accounts and Other Items?
Is it Allowed to Open Investment Accounts in Foreign Currencies on the Condition that these Funds Remain in the Same Currencies with the Bank?
Investment Account Framework After Amendments
Term Account Framework After Amendments
What’s the Shariah Opinion Regarding the Calculation of Profit on the Investment Deposit Account?
Is It Allowed to Accept the Request of a Customer Who Offered to Give Up His Profits in Order to Withdraw His Investment Deposit Before the End of the Period?
Is It Allowed to Stipulate That Customers Requesting to Withdraw Their Short-Term Investment Deposit Before the End of the Period Must Renounce Their Right to Profits?
احتساب الربح المستحق للودائع الاستثمارية
تكوين احتياطي مخاطر الاستثمار
الإعلان عن احتساب النصيب المطلوب في عقود حسابات الاستثمار
Status of Conventional Fund Placed in Mudarabah Special Investment Account in the Event of Winding Up of Banking Institutions

Interbank Deposit (Money Market Deposit)


Can Two Banks Agree to Allow Each Other Overdraft Privileges as Interest-Free Loans?
Can an Islamic Bank Allow a Client with a Large Account to Remain Overdrawn for a While?
Can an Islamic Bank and Conventional Bank Loan Each Other Money if the Loans Bear No Interest?
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 153rd Meeting
Is an Exchange of Deposits a Type of Loan with an Added Benefit?
RESOLUTION No. 76/7/8: PROBLEMS OF ISLAMIC BANKS
آلية إثبات القيد المحاسبي لعمليات تبادل الودائع (تبادل القروض)
القروض المتبادلة
Can an Islamic Bank Take Loans from Banks That Are Indebted to It?
Is It Allowed to Exchange Loans in Different Currencies?
Is It Permissible for Banks to Exchange Interest-Free Loans?
What Is the Ruling if a Debtor, After Late Payment of a Debt, Voluntarily Loans the Same Amount to the Creditor for the Same Period?
Intra-Day Transaction as an Islamic Money Market Instrument
Liquidity Management Instrument Based on Qard
Hibah in Interbank Mudarabah Investment Contract
Islamic Profit Rate Swap Based on Bai` `Inah
Mudarabah Interbank Investment as Underlying Asset in a Deferred Payment Sale
The Existence of Underlying Asset Throughout the Sukuk Maturity Tenure
Is it Permissible for the Bank to Place Interest-Free Deposits with Other Banks on the Condition that these Banks Place Similar Deposits When Needed?
Is it Allowed for an Islamic Bank to Provide Qard Hasan to Another Bank on the Condition that the Latter Sells Foreign Currency to the Former Based Purchase Price Determined by the Central Bank?

 

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