Mudaraba Savings Account

This product is designed under Mudaraba principles of Islamic Shariah. Here Bank is 'Mudarib' and customers are 'Shahib Al-Mal'. On behalf of depositors, the Bank invests their deposited money and distributes investment-income earned from the Mudaraba funds. Provisional profit is paid half yearly and final profit rate is adjusted at the year end.

  • Bank pays attractive profit.
  • Personalized MICR Cheque Book is available
  • Nominal service charge
  • Any branch banking facility
  • Bank accepts and supports Standing Instructions.
  • Nomination facility is available to nominate beneficiary for account proceeds
  • Profit is payable on yearly basis currently 65% (Depositor) 35% (Bank)
  • Provisional Profit rate: 3.50% p.a.
  • Any Bangladeshi citizen (singly/jointly) age of 18 years are eligible to open the account.
  • Minor account can be opened under the supervision of his / her / their guardian.
  • Institution also can open the account.
  • Copy of National ID/Passport/Proof of Citizenship etc. of A/C Holder and Nominee.
  • 03 passport size photographs of each Signatory duly attested by the introducer.
  • 01 passport size photograph of nominee duly attested by the account holder.
  • Source of income document (Employee ID card for individual).
  • Trade License, Partnership deed, Certificate of Incorporation, Articles and Memorandum of Association, Board Resolution, Form-XII, Personal Information of Directors, TIN Certificate of directors.
  • Introduction of the account.
  • Initial deposit BDT1000.