Islamic Term Deposit

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf Islamic banking product
gptkbp:alternativeTo conventional term deposit
gptkbp:canBe Mudarabah contract
Wakalah contract
gptkbp:compatibleWith gptkb:Shariah_law
gptkbp:guarantees principal (in some cases)
https://www.w3.org/2000/01/rdf-schema#label Islamic Term Deposit
gptkbp:mayInclude Islamic fixed deposit
Shariah-compliant term deposit
fixed tenure
variable tenure
gptkbp:offeredBy Islamic banks
gptkbp:profitPaid periodically
at maturity
gptkbp:prohibits interest (riba)
speculation (gharar)
unethical investments
gptkbp:regulates Islamic financial authorities
gptkbp:returnsBasedOn bank's profit
gptkbp:target Muslim customers
gptkbp:uses profit-sharing model
gptkbp:bfsParent gptkb:Islamic_Banking
gptkbp:bfsLayer 8