Giro, which is a facility to put money in rupiah for future transactions managed under the principle of wadiah
yad dhamanah; and syndication service.
also said talks would begin next week on picking the prime minister of the interim government.
IBB's initial product profile was wholly inadequate, concentrating on current accounts based on the Wadiah
concept and the odd savings products, usually based on the Commodity Murabaha transactions.
On its plan to introduce guidelines for a uniform application of popular Islamic financing structures, Bank Negara said it would finalise rules for the Ijara, Mudaraba, Musharaka, Istisna and Wadiah
contracts by end-2010.
0 Amount in million Rupiah 1,239,423 15,231,942 Deposits: Wadiah
al-qardhul hassan (loan without interest, but the borrower pays service charge) and wadiah
yad dhammanah (keeping valuable goods by guarantee).
Figure 3-5: Wadiah
Demand Deposits with Islamic Commercial Banks (Billion Rp), 2002-2008
The Islamic pawnbroker would accept the pledge on a wadiah
concept where the pawnbroker promises to safe-keep the valuable pledge until the loan is settled.
town in the Saudi-Yemen border is highlighted in this Google map.
Project Location: Sharurah, Najran , Saudi Arabia, Al Wadiah
, Najran , Saudi Arabia
The giro accounts in sharia banks are managed under deposit system known as Giro Wadiah
, as basically, giro accounts are public funds held by banks, used as a means of payment and could be withdrawn any time.
Wadih El Wadiah
, the snack food manufacturer, has also been forced to adapt.