AB Ilham is a new Mudarabah Savings Deposit introduced by the Islamic Banking Division which operates following the Mudarabah principles. This product provides an appealing sharia-compliant savings option, offering competitive returns and ensuring transparency. It is operated following the Mudarabah principles. It is a partnership contact between the Bank and the Client. The client provides fund and the bank does business complying the shariah principles. Earned profit is distributed among the partners as per pre-agreed ratio and loss, if any, goes to the account of the depositor.
Key Features
- Any Bangladeshi Nationals aged 18 and above are eligible for this account
- Minimum opening balance is TK. 25,000
- Minimum balance to earn profit is TK. 25,000
- Higher provisional profit rate than general Mudarabah Savings Account
- Provisional profit rate will be calculated on daily balance and applied at the end of each calendar Quarter
- Final profit is credited to the account after finalization of the Balance Sheet of the Bank/Branch
- Account can be closed at any time. However, no profit will be given for closing before provisional profit frequency period
- ATM transaction limit is a maximum of TK. 2,00,000 per day
Privilege of the Customer
- Cheque book facility
- Pay Order, T.T, D.D facility
- Fund transfer facility from Islamic banking Branch to any other branches
- Cost free half-yearly and yearly account statement and balance confirmation certificate
- Locker service facility
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