Mudaraba Education Savings Scheme (MESS)

Mudaraba Education Savings Scheme is opened under the Mudaraba principle of Islamic Shari’ah. Under the above principle the client is the owner of the fund (Shaheb-Al Mal) and the Bank is just Manager of the Fund (Mudarib). This scheme is basically a savings scheme for any individual intending to save small amount on monthly installment basis that may be required in future to meet educational expenses for his/her children.

Product Features

  • Fully Shari’ah compliant
  • Can be opened for 5 years, 8 years, 10 years or 12 years tenor
  • Installment size is BDT 1000, 2000, 3000, 4000 or 5000/-

 Basic Requirements

  • Complete account opening form
  • Personal Information of Account Holder
  • 2 copiesof passport size photograph of Account Holder duly attested by introducer
  • 1 copy passport size photograph of nominee duly attested by Account Holder
  • Identification proof like National ID Card/Passport/Driving License ofAccount Holder
  • Signature of Introducer (if required)
  • Updated TIN Certificate

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