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| Negotiable Instrument of Deposit-i |
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• INI was introduced as new financial instruments for the Islamic banking industries as new innovative deposit products,
which are freely marketable in the Islamic Money Market (IMM) secondary market.
• There are two types of INI :-
• Negotiable Islamic Debt Certificate (NIDC), which is issued based on the concept of Bai Bithaman Ajil and traded
based on Bai Al-Dayn.
• Islamic Negotiable Instruments of Deposit (INID), which is based on the concept of Mudharabah.
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