Islami Banking Branches and Windows collect deposits on two basic principles:
1. Al-Wadiah Account.
2. Mudaraba Account.
A. Al-Wadiah Account:
‘Al-Wadiah’ is the contract of giving total security of money of the depositors. In this regard, depositors do not participate or take any risk of business with the bank. Depositors hold the right to withdraw his or her money at any banking time. Depositors do not get profit from bank. Rather bank can deduct service charge from the account for maintaining and securing the deposit.
B. Mudaraba Account:
Mudaraba is a share based business system. Two parties involve in the contract where one party invests all the capital (owner of capital or Shahib-Al-Mal) and other uses his or her knowledge, experience, ability, skill and labor to run the business (Manager of Capital or Mudarib).
|
Sl. |
Deposit |
Provisional Rate of Profit |
|
1. |
Al-Wadeah Current Account |
- |
|
2. |
Mudaraba Savings Account |
3.00% |
|
3. |
Mudaraba Special Notice Deposit (MSND) |
3.00% |
|
4. |
Mudaraba Term Deposit Account (MTDR) (Corporate/Institutional Fund, Personal, Fund created for the repayment of miscellaneous dues including provident fund and retirement benefits of individuals and different Govt./Non-govt. organizations) |
|
|
|
(A) 1 Month |
3.50% |
|
(B) 3 Months |
7.00% | |
|
(C) 6 Months |
7.25% |
|
|
(D) 1 Year and Above |
7.50% |
|
|
5. |
Mudaraba Monthly Profit Deposit Scheme |
|
|
(A) 3 Years |
7.25% | |
|
(B) 5 Years |
7.50% | |
| 6. | Agrani Mudaraba Savings Bond |
|
| (A) 5 Years |
7.00% |
|
| (B) 8 Years |
7.25% |
|
|
7. |
Mudaraba Special Savings Scheme-MSS (Monthly Deposit) |
|
|
|
(A) 5 Years |
6.00% |
|
|
(B) 10 Years |
7.00% |
|
8. |
Mudaraba Hajj Deposit Scheme |
|
|
|
1 Year to 3 years |
6.50% |
|
|
4 Year to 10 years |
7.00% |
|
9. |
Mudaraba Mohor Savings Deposit Scheme |
|
|
|
(A) 5 Years |
6.00% |
|
|
(B) 10 Years |
6.25% |
|
10. |
Mudaraba Cash Waqf Deposit Scheme |
|
|
|
Yearly Profit Deposit Scheme |
6.75% |
|
|
Monthly Profit Deposit Scheme |
6.25% |
|
11. |
Mudaraba ‘Probashi kallyan’ Savings Account |
3.00% |
