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Among the following which one is not a condition of plain Mudaraba: All answers are correct Bank can pool the funds of several depositors and
Among the following which one is not a condition of plain Mudaraba:
- All answers are correct
- Bank can pool the funds of several depositors and give it to one entrepreneur
- In case of loss, depositors will not loss an amount exceeding 10% of their investment
- Similarly, bank can aggregate the profit from different investments, after deducting costs and share with depositors on an agreed ratio.
- Bank will not interfere in the management of business they invest in but may have condition that ensure the efficient use of the funds
Choose correct option, please answer fast.
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