Islami Bank Mudaraba Term Deposit Account

Islami Bank Mudaraba Term Deposit Account

Key Product Features

Interest Rate 7.00% 6.80% 6.60% 6.50% 6.30% 5.00%
Tenure 3 years 2 years 1 year 6 months 3 months 1 month
Interest Rate Additional Info The profit rate may vary on Bank's profit and loss.
Compounding Yearly
Double/Triple Deposit? N/A
Islamic/Conventional? Islamic
Min. Amount 1000 BDT
Max. Amount N/A

Fees and Charges

Monthly Interest Before Tax N/A
Excise Duty N/A
Bank Charge N/A
VAT 15%

Eligibility

Eligibility
#Must be a Bangladeshi citizen. #Must be at least 18 years old.

Documents
#Complete account opening form #2 Passport size photo of the account holder.(Attested by introducer) #1 Passport size photo of the nominee. (Attested by account holder) #Identification proof like NID / Passport/ Chairman Certificate.

Other Information

Features & Benefits
Based on Mudaraba concept Mudaraba Term Deposit Account (MTDA) is a profit bearing account which offers returns by depositing money for fixed period of time.