Islamic Finance
Promotional Prize
December 23, 2023
Islamic Finance
Substance and Form
December 24, 2023

A form of gift (hadiyyah) that is given by an Islamic financial institution (IFI) to certain customers as a means by which it aims to promote its products or services or attempts to attract investors.

This gift is awarded to customers/ investors from time to time, and is not subject to any target or achievement. It is meant to encourage existing or potential customers/ investors (giftee) to continue an existing relationship, or establish a new relationship, with the awarding institution.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts