Author(s): Omar Nouh Mabdah, Majdi Ali Mohammad
The present study aimed to shed a light on the Fiqh and legal reasons for considering the investment joint bank account as a legal personality. It aimed to identify the requirements that must be met to consider the investment joint bank account as a legal personality. It aimed to identify the extent of having the characteristics and elements of legal personality in the investment joint bank accounts in Jordanian Islamic banks. It aimed to identify the significance of considering the investment joint bank account as a legal personality. It aimed to shed a light on these issues because the users of investment joint bank accounts are in need for having people defending their rights that are related to the profit percent and rights that are related proofs of negligence and infringements. It was found that all the elements of the legal personality are existent in the investment joint bank accounts in Jordanian Islamic banks. Thus, all these accounts must be considered as legal personality through amending the regulations issued by the Jordanian Central Bank. The researcher recommends enacting laws that allow the user of an investment joint bank account to have a representative. That shall enable him/her to defend the rights of this user and negotiate the bank employees on the profits rate mentioned in the application form of creating an investment account.