Term Deposits of Global Islami Bank Limited

Under Mudaraba Mode as per Depositor-Bank Weightage approved by ALCO/BoD.

Mudaraba is a partnership in profit whereby one party provides capital and the other party provides skill and labour. Profit distributed as per agreed ratio.

Any citizen of Bangladesh/Legally approved person/entity

Minimum Age 18 years

– 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 photographs of each account holder.

– Passport size photograph of nominee (attested by the account holder)

– Proof of Address- Copy of Utility Bill from the latest 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)

Product Name

Mudaraba Monthly Profit Deposit Scheme (MMPDS)

Account Type

Term Deposit Account with monthly profit payment

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.

Eligibility

·Any Citizen of Bangladesh/legally approved person/entity

·Minimum age 18 years(Minor also allowed)

·Must have current or savings account with NRBGBL.

Purpose

Mudaraba Monthly Profit Deposit Scheme is a term deposit product and offers monthly return on depositor’s fixed deposit over a certain period of time.

Minimum Amount

BDT 5000/-

Tenor

6,12,36 months.

·Any Citizen of Bangladesh/legally approved person/entity

·Minimum age 18 years(Minor also allowed)

·Must have current or savings account with GIBL.

Perpetual Nature Deposit for Social Welfare.

Profit will be distributed as and when instructed by the Depositor

Mudaraba Savings/Al-Wadeeah Current Account Holders/Any Bangladeshi citizen/Legally approved person without having any Deposit account with GIBL.

Minimum Age 18 years

Complete DPS account opening form along with CASA accounts documentation as and when required.

updated Tin(Optional)

Minimum Monthly

installment

Monthly Contribution

Collection Method

Demand will be generated on the transactional account in the monthly installment collection due date- Then system will transfer the installment amount to the MDPS Account.

The account may be opened at any date of the month and subsequent installment will be realized on the same date of the every month (in case of holiday, the immediate next banking day.)

Mudaraba Savings/Al-Wadeeah Current Account Holders/ Any Citizen of Bangladesh/Legally approved person

Minimum Age 18 years.

Complete MHDS account opening form along with MDP accounts documentation as and when required.

Updated TIN (Optional).

Complete account opening form along with MSA Accounts documentation as and when required.

Updated TIN (Optional)

Any Bangladeshi passport holder who is living outside Bangladesh for at least six months and working there with a valid work permit/resident visa.

Any Bangladeshi living outside Bangladesh holding a foreign passport (migrated) or having dual citizen or born & living abroad but is of Bangladeshi origin and legally working there.

Copy of passport along with valid visa (In case of foreign passport customer needs to provide the copy of “No visa required traveling to Bangladesh” page

Proof of employment/income— (Not mandatory)

One copy passport size photograph of the account holder

One copy passport size photograph of the Nominee which must be attested on the back by the Account holder

Proof of Address (applicable for overseas address only)

Minimum BDT1,00.00 during account opening (if a customer visits our branches)

The account can be opened with NIL balance (without any further approval) but in that case Debit Card will be issued only after crediting the minimum deposit amount his/her birthplace is in abroad)