Mudaraba Classic Savings Account (MCS)
Eligibility
Any citizen of Bangladesh [age 50 years and above] having sound mind individually or jointly can open this account.
Islamic Principles
Mudarabais a partnership in profit whereby one party provides capital and the other party provides skill and labour. Profit distributed as per pre-agreed ratio and loss is borne by Sahib Al Maal.
Required/Identification Document
Complete account opening form with TP & KYC.
Photocopy of NID/Passport/Driving License/Ward Commissioner Certificate with photo (Photo must be attested by ward commissioner).
Two recent Passport size photographs of each account holder duly attested by Introducers.
Introducer’s signature in the A/C opening form and at the back of the photograph(s) of signatories.
Passport size photograph of nominee (attested by the account holder).
Proof of Address- Copy of Utility Bill for latest 3 months.
Updated TIN (Optional).
Any other documents as required under prevailing rules & regulations of the Bank considering the nature of the Depositor(s).
Charges: See schedule of charges of the bank.