Any citizen of Bangladesh [18 years or above] having sound mind and legal guardian on behalf of a minor [below 18 years of age] can open this account.
Any legal entity (Company/Organization/Institution/other)
Islamic Principles
Mudaraba is a partnership in profit whereby one party provides capital and the other party provides skill and labour. Profit is distributed as per pre-agreed ratio and loss is borne by Sahib Al Maal.
Required/Identification Document
Standard documents required to open the account of SBPLC.
Payment on maturity
On maturity of the scheme, the bank will pay the Capital (principal) and Profit amount (after deducting applicable Taxes, VAT, Excise duty etc.) as per existing rules of the Bank.
Provisional Profit Rate (p.a.)
[Changeable from Time to Time]
Monthly Installment (Tk.)
Monthly Installment (Tk.)
Monthly Installment (Tk.)
3 Years
22,950
22,150
20,600
10.50%
5 Years
12,220
11,700
10,650
10.75%
7 Years
7685
7,275
6,450
11.00%
10 Years
4400
4,070
3,410
11.25%
12 Years
3150
2,850
2,250
11.50%
15 Years
1885
1,610
1,055
12.25%
18 Years
1105
840
305
13.00%
The first installment must be deposited at the time of account opening and subsequent monthly installments must be deposited from the linked account by the 25th of each month.
Prematurity Profit
Calculation Method with
Rate
No Profit will be given if the account is closed before 1 year from the opening date. In case of closure of the account after 1 year but before 3 years, Mudaraba Savings Account (MSA) profit rate will be applicable.
In case of closure the account after completing of first slab of tenure, the profit rate applicable to the immediately preceding maturity slab will be applicable and no profit will be given for the rest of the months.
Profit rate for Quard
amount
No profit will be given on deposit amount against corresponding Quard amount and tenure.
