AB Islamic DPS (ABID)

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AB Islamic DPS (ABID)

Planning and saving during one’s working life is essential to ensure financial stability and peace of mind in retirement. Many individuals engaged in service, trade, or other professions often face financial challenges after their active income years due to insufficient savings. To address this AB Islamic Banking Division introduces AB Islamic DPS (ABID) is a fully Shariah-compliant deposit scheme designed to help you build a secure financial future through disciplined monthly savings. Under this scheme, deposits are accepted on a monthly basis, and profit is distributed in accordance with Islamic principles. As an added benefit, this scheme also comes with complimentary Islamic insurance (Takaful) coverage, providing additional financial protection for you and your loved ones as per Shariah guidelines.

Key Features

  • Any Bangladeshi citizen can open this account
  • One or more account may be opened in a single name
  • Tenor of the deposit ranges from 1 to 20 years
  • Monthly deposit amount is Tk. 500/- or its multiple, such as, Tk. 1,000/-, Tk. 1,500/-, 2,000/- ………Tk.10,000/-, Tk.15,000/-, Tk.20,000/- etc.
  • Profit is applied considering weightage at higher side
  • Provisional profit rate will be calculated on daily balance and applied Half-yearly
  • After maturity total amount with profit can be drawn at a time
  • Free Takaful (Islamic insurance) with up to 50 Lacs Taka Coverage
  • Attractive profits are also provided in case of encashment before maturity

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