Mudaraba Term Deposit Receipt (MTDR) is a profit bearing account which offers returns by depositing money for fixed period of time based on Mudaraba concept. These deposits are repayable subject to a period of notice and hence known as time deposits or time liabilities meaning thereby that these are withdrawable subject to a period of notice and not on demand. BDT. 1,000.00 and multiple of BDT 100.00 for the period of 3 months, 6 months, 12 months, 24 months and 36 months can be deposited.
- Complete account opening form.
- 2 copies passport size photographs of account holder duly attested by introducer.
- 1 copy photograph of nominee duly attested by the account holder.
- Identification proof like National ID Card/ Passport/ Chairman certificate.
- 1 set photocopy of National ID Card/ Passport/ Chairman certificate.
- Signature of Introducer.
- Minimum deposit BDT 1,000.00.
Islami Bank Bangladesh Limited is a Joint Venture Public Limited Company engaged in commercial banking business based on Islamic Shari'ah with 63.09% foreign shareholding having largest branch network of total 294 Branches among the private sector Banks in Bangladesh. It was established on the 13th March 1983 as the first Islamic Bank in the South East Asia. The mission of the bank is to establish Islamic Banking through the introduction of a welfare oriented banking system and also ensure equity and justice in the field of all economic activities, achieve balanced growth and equitable development in through diversified investment operations particularly in the priority sectors and less developed areas of the country. To encourage socio-economic upliftment and financial services to the loss-income community particularly in the rural areas.
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