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Mudaraba Term Deposit (MTD):
 
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Mudaraba Term Deposit (MTD) is a mode of deposit under Mudaraba principles of Islamic Sharia. It is a profit / loss bearing account. These deposits are repayable subject to a period of notice and hence known as time deposits or time liabilities meaning thereby that these are withdraw able subject to a period of notice and not on demand. Deposits under MTD are accepted for different tenures as decided by the Bank and are entitled to receive profit on their deposit on the basis of weightage as decided by the management. A receipt is issued against each deposit under MTD.

 
 
         
  Key Features:      
 
*
Any adult having sound mind can open this account in his/her name singly or jointly with others. Any proprietorship/partnership firm, limited company (private/public), educational institution, club, association, socio-economic organization can also open this account.
   
         
 
*
MTD can be opened for 1 month, 3 months, 6 months & 12 months tenure or for any other tenure as approved by the bank.
   
         
 
*
Bank will invest the MTD fund through sharia compliant investment modes along with the other Mudaraba fund to earn profit.
   
         
 
*
Actual profit on the MTD will be calculated at the year end on the basis of weightage fixed by the bank.
   
 
   
 
*
Flexible tenure.
   
 
   
 
*
Attractive Profit rates.
   
 
   
 
Profit Rate:
   
 
SL
Period
Provisional Profit Rate (%)
1
1 Month
3%
2
3 Months
7%
3
6 Months
7.25%
4
1 Year
7.25%

* Effective from 01/02/2017

   
 
Who can apply:
     
 
Any Bangladeshi citizen, 18 years or over    
 
     
 
A minor operated by a legal guardian may also open the account    
 
     
 
Required Documents:
     
 
1 or 2 copy Photograph of applicant.    
 
     
 
1 copy photograph of nominee duly attested by Applicant    
 
     
 
NID/Passport/Any other valid photo identify of applicant    
 
     
 
NID/Passport/Any other Valid photo identify of nominee (if any)    
 
     
 
TIN Certificate of applicant ( if any )    
 
     
 
Documents Related with sources of fund ( if any)    
 
     
 
Profit Rate of all Deposit Products:
   
 
     
 
     
 
     
 
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