The Mudaraba Term Deposit Receipt (MTDR) Account is opened according to Shari’ah Principles of
Mudaraba. According to Mudaraba principles the Mudaraba depositor is the Sahib-Al-Maal (owner of the
fund) and the bank is the Mudarib (investor/entrepreneur of the fund). The bank is authorized by the
depositor to invest the Mudaraba fund at the risk of the Sahib Al-Maal.
Mudaraba Term Deposit Receipt (MTDR) account falls under the category of time restricted Mudaraba in
which the Sahib Al-Mal gives a fixed amount of money/capital to the Mudarib for a fixed period of time
after expiry of which the Mudaraba contract stands automatically terminated.