Jaiz Savings Account is operated based on the principle of Mudaraba (Partnership). The account allows customers earn profit on their deposits. Account holders are considered as investors while the bank act as the fund manager and invests the depositors’ monies into financially profitable, socially desirable and commercially viable business ventures which are legal and Shariah compliant. Gross profit made from the investment is distributed at the end of every month based on customers account balance at a profit sharing ratio of 30:70 between the Customer and Bank respectively.”