Mudaraba Excel Savers Account

Mudaraba Excel Savers account 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). Mudaraba Excel Savers Account is mainly meant for Mid to Top income level individuals who is willing to deposit substantial amount in the savings account and maintain a highly monthly average balance compared to regular Mudaraba Savings Account.

Product Features

  • Fully Shari’ah compliant
  • Attractive Weightage on this product to ensure higher rate of return
  • Profit is calculated on daily closing balance and payable on Half-yearly basis
  • Unlimited withdrawals
  • No fees on Debit Card
  • Free Online Banking facility & SMS Banking Service
  • Privileged Banking services
  • Exclusive benefits on Foreign Exchange related services
  • No Account Maintenance fee
  • No charge for Standing Instruction
  • Special discount on Locker related services
  • 50% Discount on Solvency Certificate

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
  • Minimum Account opening deposit of BDT 10,000/-

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