Mudaraba School Banking Scheme (MSBS)

  • Eligibility
    • Any Citizen of Bangladesh (Students age less than 18 years) 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 Identifications/ Documents
      1. Complete account opening form with TP & KYC (KYC is mandatory for both students and account operator).
      2. Birth registration certificate and ID card or certificate issued by the institute or attested copy of latest monthly subscription receipt.
      3. Two recent Passport size photographs of each account holder duly attested by introducer.
      4. Two recent Passport size photograph of natural guardian/ guardian appointed by the competent jurisdiction of minor duly attested by introducer.
      5. Introducer’s signature in the A/C opening form and at the back of the photograph(s) of signatories.
      6. Proof of Address- Copy of Utility Bill for latest 3 months.
      7. 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.
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