Premier Mudaraba Cash Waqf Deposit Account

Shari’ah Principles of Mudaraba Accounts

Mudaraba is an Islamic financial partnership contract where one partner provides capital (Raab-al-Maal) and the other partner provides labor (Mudarib). Income generated from the venture is distributed between the partners with a predetermined Profit-Sharing Ratio (PSR) and Weightage. All profit bearing deposit products are operated in Mudaraba principles.

Premier Mudaraba Cash Waqf Deposit Account

(Any Bangladeshi citizen (male/female) can open the account in single / joint name or in the name of an institution for the purpose of Waqf under Shariah)

• Profit bearing non-transactional account, calculated daily and payable on monthly basis
• Minimum amount Tk. 5,000 or it’s multiple
• Higher provisional profit rate
• Profit amount would be payable to the Waqf beneficiary on monthly/quarterly/yearly basis.