Mudaraba Special Notice Deposit Account (MSND)

Mudaraba Special Notice Deposit (MSND) is a profit bearing Mudaraba deposit suitable for people involved in business; transactions are frequent and follow a pattern. It enables a customer to operate his business account a kind of Current Account which incurs profit. Profit is calculated on day end balance and profit is paid to account on half yearly basis or at the time of closing the account.

Basic Requirements

  • Complete account opening form
  • Personal Information of every Director/Account Holder/Operator
  • Minimum Account Opening Deposit of Tk. 25,000/-
  • 2 copies of passport size photograph of every operator duly attested by introducer
  • 1 copy passport size photograph of nominee duly attested by every accountholder/Operator
  • Identification proof like National ID Card/Passport/Driving License for every operator
  • Updated TIN Certificate
  • Signature of Introducer

Additional Requirements

  • Proprietorship Firm – Valid Trade License
  • Partnership Firm – Partnership Deed duly signed by the partners, Partnership Account Agreement
  • Limited Company – Certified copies of ‘Memorandum & Articles of Association’, Certificate of Incorporation, Resolution of the Board of Directors for opening and operation of accounts, List of Directors with their details
  • Club/Society/School/College – Certified copies of ‘Memorandum & Articles of Association’, Bye Laws & Regulations/Constitution, Resolution for opening and operation of account, Updated List of Directors/Office Bearers/Governing Body/Managing Committee
  • Trust – Certified copies of Deed of Trust, Resolution of the Board of Trustees for opening and operation of account, Updated List of Members of the Trustee Board

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