Mudaraba Kotipati Scheme (MKS) is a mode of deposit under Mudaraba principles of Islamic Shariah. . The Depositors will deposit a monthly amount and expected to get a BDT1.00 crore at the maturity before tax and other charges. MKS can be opened for 5/7/10/12/15/18/20 years tenure
- The name of the Scheme is “Mudaraba Kotipati Scheme”. In short the name is “MKS”.
- This Scheme is designed under the “ Mudaraba” principles of Islamic Shariah.
- Provisional profit rates, as decided by the management, will be declared & calculated prior to working out the year-end actual profit position. Any surplus/short-fall will be adjusted with the provisional position calculated earlier.
- Until otherwise decided, the profit sharing ration of Mudaraba Deposits will be 70:30 between the client and bank. Profit shall be calculated on the basis of daily product as per weightage approved by the Management.
- All Govt. Taxes, VAT, Excise duty etc imposed by the regulatory bodies time to time are applicable.
- Under this scheme, accounts can be opened for 7 terms: 5 years, 7 years, 10 years, 12 years, 15 years, 18 years & 20 years respectively.
|
Tenor (years) |
Provisional Profit Rate |
Monthly Installment |
Estimated amount at Maturity |
|---|---|---|---|
|
5 |
6.00% p.a. |
143,180 |
1 (One) Crore |
|
7 |
96,155 |
||
|
10 |
61,235 |
||
|
12 |
47,845 |
||
|
15 |
34,680 |
||
|
18 |
26,120 |
||
|
20 |
21,945 |
Any citizen of Bangladesh can open this account and the account can be opened in the name of an Individual only
- National ID Card/Passport/Chairman certificate for A/C Holder and Nominee.
- 03 Passport size photographs of account holder duly attested by introducer
- 1 photograph of nominee duly attested by the account holder
