Mudaraba Savings Account
Islami Bank operates savings accounts under the Mudaraba principle of Islamic Shariah. This principle offers depositors an agreed portion of business profit and assigns risk for any genuine loss. Islami Bank distributes a minimum 65% of its investment income among all Mudaraba accounts as per wait-age. Mudaraba Savings accounts are mainly meant for Non-Trading customers who have some potential saving with small no. of transactions.Features
- Standard Savings Account. No limit on withdrawal/deposit.
- Minimum balance: BDT 500.00.
- Cheque Book facility.
- Instant or personalized Debit Cards. Dual currency available.
- Self operabilty thru Internet Banking service.
- Self opening & transactions thru CellFin service.
- Country’s largest network for ATM and any Branch service.
- SMS notification & query service.
- 24/7 Contact Center support.
Who Can Open
- Any Bangladeshi national.
- Minimum age: 18 years.
- More than one person can jointly operate MSA.
- Guardian on behalf of a minor can open MSA.
Profit & Charges
- Profit on provisional basis is paid twice a year.
- Additional amount (if any) is paid after annual calculation of Final Rate.
- Lowest balance of a month is eligible for profit.
- No profit for a month in case of 4 times or more withdrawal.
- Fees and Charges as per Schedule of Charges will be realized twice a year.
- Separate charges applicable for debit card and SMS service subscription.
- Excise duty may be realized as per Govt rules and regulations.
Required Documents
- Complete and duly signed account opening form.
- NID/ Valid Passport/Driving License.
- Recent Photo: 2 copy, passport size, attested by introducer.
- Nominee’s NID & photo (attested by applicant).
- Recent electricity or other utility bill in case of present address differing to NID/Passport.
- Receipt copy of last year’s Income Tax return (optional).
* Bank may ask for any other additional document.
More Islami Bank Accounts
- Al-Wadeah Current Account
- Mudaraba Farmers Savings Account
- Mudaraba Foreign Currency Deposit Account
- Mudaraba NRB Savings Bond Account
- Mudaraba Savings Bond
- Mudaraba Special Notice Account
- Mudaraba Special Savings (Pension) Account
- Mudaraba Term Deposit Account
- Mudaraba Waqf Cash Deposit Account
- Students Mudaraba Savings Account
About Islami Bank Bangladesh PLC
Islami Bank Bangladesh Limited (IBBL) offers a diverse range of Shariah-compliant banking services that cater to both individual and corporate clients. Its product offerings include personal banking services such as savings and current accounts, home financing, and vehicle financing, as well as investment accounts based on profit-sharing models like Mudarabah and Musharakah. For businesses, IBBL provides corporate financing, trade finance, and project financing, all designed to align with Islamic principles. Additionally, the bank is committed to financial inclusion through microfinance programs that empower underserved communities. With a strong focus on ethical banking and customer service, IBBL plays a crucial role in promoting socio-economic development in Bangladesh.
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