Cooperatives Mudarabah Saving Account

Cooperatives Mudarabah saving account is opened by an autonomous association of individuals for mutual benefits to engage in retail, wholesale, production, manufacturing, etc. business enterprises. Cooperative mudarabah saving accounts are owned by customers who follow the cooperative principle of one person, one vote mechanism. Cooperative accounts are more often regulated under cooperative legislation. The main aim of launching this saving product is to encourage cooperatives in this scheme of saving. As the case may be, the bank allots a higher profit sharing ratio with cooperative mudarabah saving account holders as compared with ordinary mudarabah saving accounts.

Please contact Coopbank Islamic to get more detailed information and advice