Features:

Customer Segment:

• Salaried Person
• Self Employed Professionals.
• Businessman
• Land Lord/ Lady

Maximum age:65 years at the time of investment maturity/till the date of retirement (whichever is earlier).

Purpose: Purchase of new and reconditioned vehicles for personal uses.

Work Experience:

• This deposit product is guided by the Mudaraba principles of Islamic shariah.
• Bank will invest the MTD fund through shariah compliant investment modes along with the other Mudaraba fund to earn profit.

• Minimum amount to open account: BDT 10,000.00

Click to see the Provisional Profit Rate

• Under Bai Salam agreement (forward purchase) funding support will be provided directly to the farmers/grower (group/individual) against supply of agreed quantity of the produce on maturity. The deal will be adjusted on delivery of the contracted produce by the farmer at maturity. Bank may take services from 3rd party (individual/NGO/Association) for monitoring & control in the form of agent/partnership.

• Tax exemption on the principal and interest amount.
• Loan Facility on the bonds in Bangladesh
• Maximum limit up to TK 1 crore  on bond purchase.
• Death risk benefit up to 30% to 50% of investment.
• Interest payable every six months in BD
• Can be used as security for any loan
• Purchaser of Wage Earner's Development Bond can repatriate the principal amount of the bond in foreign currency.

• Interest is payable in Bangladesh currency or in US Dollar.
• Principal amount payable in Bangladesh currency or in US Dollar.
• Investors of one Million US Dollar and above shall be treated as CIP