PSIA

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Definition	:	Profit Sharing Investment Account
Category	:	Business » Banking
Country/ Region	:	Worldwide
Popularity	:

What does PSIA mean?

Profit Sharing Investment Account (PSIA) refers to deposit product structured based on mudharabah (profit-sharing) contract, where Investment Account Holders (IAH) or customers act as the provider of fund and the Bank acts as the entrepreneur. The Bank will invest the funds. The profit from the investement will be shared between the Bank and customers based on the pre-agreed profit sharing ratio, while losses shall be borne by the customer.

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Frequently Asked Questions (FAQ)

What is the full form of PSIA in Islamic Banks?

The full form of PSIA is Profit Sharing Investment Account

What is the full form of PSIA in Business?

Profit Sharing Investment Account

What are the full forms of PSIA in Worldwide?

Pounds per Square Inch Absolute/Atmosphere | Physical Security Interoperability Alliance | Poverty and Social Impact Analysis | Profit Sharing Investment Account

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