Mudaraba Kotipoti Scheme (MKS)

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