Any individual may open this Account by depositing money a minimum amount of Taka 50,000/- and multiples thereof at a time for 1/2/3 years only. Monthly provisional profit shall be given to the Account just after completion of minimum 30 days from the date of opening of the Account. The profit amount shall be adjusted on completion of each accounting year after declaration of final rate of profit.

Features:

• Fully Shariah compliant & This deposit product is guided by the Mudaraba principles of Islamic Shariah
• Profit is calculated on Monthly closing balance.
• Can be opened for any tenor between 1 to 3 years.
• Mudaraba Monthly Saving Scheme Account can be opened in the name of the individually or jointly. Underage or Minor Account may not open
• Until otherwise decided, the profit-sharing ratio is 35:65 between IFIC & the depositor in MIS.
• Provisional profit will be given after completion of 30 days from the date of starting
• Linked account is mandatory for Mudaraba Monthly Income Scheme

Eligibility:

• Must be a citizen of Bangladesh.
• Above 18 years old
• Minimum balance for account opening: Tk.50,000/-

Required Documents:

• Complete Term Deposit A/C opening form
• Personal Information of Account Holder

*Bank may ask for any other additional document (if required)