Al-Wadeeah Current Account (AWCA)
Nature of Account | Current Account |
Eligibility | Any Legitimate business entity like Sole Proprietorship, Partnership or Private Limited Company, Clubs/Societies/NGOs/Charitable Organizations/School/College/ University with valid trade license and other documents as per Bangladesh Bank requirements. |
Currency | BDT |
Islamic Principle | Under Al-Wadeeah Principles |
Opening Balance | BDT 1,000/- |
Mudaraba SavingS Account (MSA)
Eligibility |
Any Citizen of Bangladesh/Legally approved person/entity Minimum Age 18 years |
Currency | BDT |
Account Type | Mudaraba Savings Account ( MSA) |
Islamic Principle | Under Mudaraba Mode as per Depositor-Bank Weightage approved by ALCO/BoD |
Final/Actual Profit | Final Profit will be disbursed after finalization of Bank’s Accounts for the respective year. |
Identification Document |
– Complete Account Opening Form with TP & KYC – Photocopy of NID/Passport/Driving License/Ward Commissioner certificate with photo (Photo must be attested by ward commissioner) – 2 copies Passport size photograph of each account holder. – Passport size photograph of nominee (attested by the account holder) – Proof of Address- Copy of Utility Bill for last 3 months. – Updated TIN (Optional), (In case of TIN holder income Tax will be deducted from profit @ 10% and without TIN @ 15% as per NBR rules) – Any other documents as required under prevailing rules & regulations of the Bank considering the nature of the Depositor(s) |
Opening Balance | BDT 1,000/- |
MUDARABA SHORT NOTICE DEPOSIT ACCOUNT (MSND)
Account Type |
Mudaraba Short Notice Deposit (MSND) |
Islamic Principle |
Under Mudaraba Mode as per Depositor-Bank Weightage approved by ALCO/BoD |
Final/Actual Profit |
Final Profit will be disbursed after finalization of Bank’s Accounts for the respective year. |
Eligibility |
Any Legitimate business entity like Sole Proprietorship, Partnership or Private limited Company, Clubs/Societies/NGOs/Charitable Organizations/School/College/University with valid trade license and other documents as per Bangladesh Bank requirements. |
Currency |
BDT |
Opening Balance |
BDT 20,000/- |
Mudaraba Queen Savings Account (MQSA)
Product Name | Mudaraba Queen Savings Account (MQSA) |
Account Type | Savings Account |
Islamic Mode | Under Mudaraba Mode as per Depositor-Bank Weightage approved by ALCO/BoD |
Final/Actual Profit | Final Profit will be disbursed after finalization of Bank’s Accounts for the respective year. |
Eligibility |
-Any Female Citizen of Bangladesh -Minimum Age 18 years |
Currency | BDT |
Identification Document |
-Complete account opening form with TP & KYC – Photocopy of NID/passport/Driving License/Ward Commissioner certificate with photo (Photo must be attested by ward commissioner) – 2 copies passport size photograph of each account holder. – Passport size photograph of nominee (attested by the account holder) – Proof of Address- Copy of Utility Bill from latest 3 months. – Updated TIN (Optional) |
Opening Balance | BDT 1,000/- |
Profit Forfeiture Rule | No profit forfeiture rule will be applicable for number of withdrawals and transaction volume. |
Mudaraba PERFECT SAVINGS Account (MPSA)
Product Name | Mudaraba Perfect Account (MPSA). |
Account Type | Monthly profit bearing Savings Account. |
Eligibility |
Any Citizen of Bangladesh/Legally Approved Person Minimum Age 18 years |
Currency | BDT |
Islamic Principle | Under Mudaraba Mode as per Depositor-Bank Weightage approved by ALCO/BoD |
Final/Actual Profit | Final Profit will be disbursed after finalization of Bank’s Accounts for the respective year. |
Identification Document |
-Complete Account Opening Form with TP & KYC – Photocopy of NID/passport/Driving License/Ward Commissioner certificate with photo (Photo must be attested by ward commissioner) – 2 copies of Passport size photograph of each account holder. – Passport size photograph of nominee (attested by the account holder) – Proof of Address- Copy of Utility Bill for last 3 months. – Updated TIN (Optional) |
Opening Balance | BDT 20,000/- |
Mudaraba JUNIOR SAVINGS Account (MJSA)
Product Name | Mudaraba Junior Savings Account (MJSA). |
Account Type |
Savings Account for Minors. A No Frill Savings Account for actual Students considering Financial Inclusion as instructed by Bangladesh Bank |
Eligibility |
This Account is only for Children but operated by parents until Child attain his/her maturity (Age 18). Account agreement to be signed by the father or mother on behalf of the Minor. Children must be 6- 18 years old |
Currency | BDT |
Islamic Principle | Under Mudaraba Mode as per Depositor-Bank Weightage approved by ALCO/BoD |
Final/Actual Profit | Final Profit will be disbursed after finalization of Bank’s Accounts for the respective year. |
Identification Document |
For Child -Complete account opening form with TP & KYC -Photocopy of School ID(Optional) -Photocopy of Birth Certificate/Passport/ Certification of age from School (original copy of certification of age must be produced) -Two copies of attested Photo, attestation done by parents For Parents ›National ID/Passport/driving License ›Two copies photo of parents ›Utility Bill Copy for latest 3 months |
Opening Balance | BDT 100/- |
MUDARABA FRESHER’S SAVINGS ACCOUNT (MFSA)
Product Name | Mudaraba Fresher’s Savings Account (MFSA) |
Account Type | Savings |
Eligibility |
·Actual Students of Bangladesh ·Citizen of Bangladesh ·Age between 18 to 25 years |
Islamic Principle | Under Mudaraba Mode as per Depositor-Bank Weightage approved by ALCO/BoD |
Final/Actual Profit | Final Profit will be disbursed after finalization of Bank’s Accounts for the respective year. |
Provisional Profit Rate | As approved by ALCO (Changeable from time to time) |
Currency | BDT |
Opening Balance | BDT. 500/- |
MUDARABA FARMERS SAVINGS ACCOUNT (MFRSA)
Product Name | Mudaraba Farmers Savings Account (MFRSA) |
Nature of Account | A No Frill Savings Account for Actual Farmers considering Financial Inclusion as instructed by Bangladesh Bank |
Eligibility |
·Actual Farmers of Bangladesh ·Minimum age 18 years |
Account Type | Savings |
Islamic Principle | Under Mudaraba Mode as per Depositor-Bank Weightage approved by ALCO/BoD |
Final/Actual Profit | Final Profit will be disbursed after finalization of Bank’s Accounts for the respective year. |
Provisional Profit Rate | As approved by ALCO (Changeable from time to time) |
Currency | BDT |
Opening Balance | BDT. 10/- |
Mudaraba Salary Account (MSSA)
Product Parameter | Details |
Product Name | Mudaraba Salary Account (MSSA) |
Account Type | Account Type profit bearing savings account for any salaried employee of corporate bodies in Bangladesh. |
Eligibility |
Salaried individuals of any corporate bodies in Bangladesh, who are Bangladeshi Nationals, with necessary photo ID document as applicable for savings account. However, it is imperative that the corporate bodies will have a salary A/c relationship with us. No walk-in customers will be able to avail this product. Without the salary relationship we will not offer this product to anybody. Minimum Age I8 years |
Currency | BDT |
Islamic Principle | Under Mudaraba Mode as per Depositor-Bank Income Sharing Ratio (ISR) approved by ALCO/BoD |
Final/Actual Profit | Final Profit will be disbursed after finalization of Bank’s Accounts for the respective year. |
Identification Document |
Complete account opening form with TP & KYC, NID, Employee ID, Business card, Two passport size photographs of applicant, One Passport size photograph of Nominee (attested by the account holder) Updated TIN (optional) |
Opening Balance | Without any Balance. |