Human life is fleeting. It is a short period. After it a life will start which is endless. We generally keep ourselves busy for well being of this materialistic life forgot about the life of here after. To ensure wellbeing in the life after death it is way to spend money in the cause of Almighty Allah. Allah says in the holly Quran ‘Spend the properties bestowed upon you by me before the death meets you. Mudarabah Cash Waqf Deposit (MCWD) is an opportunity to obtain long lasting wellbeing in the life of here after.
In this type of account deposit once made cannot be withdrawn. Profit paid on this deposit is spent according to the instruction of the depositor, such as Social Welfare, Isamic Education, Proverty Alleviation, Health Service etc.