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.
ii. 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]
Initial Deposit (Tk.)
Initial Deposit (Tk.)
Initial Deposit (Tk.)
3 Years
2,29,700
2,21,000
2,05,000
10.50%
5 Years
1,22,450
1,16,700
1,06,150
10.75%
7 Years
77,100
72,550
64,320
11.00%
10 Years
44,150
40,550
33,970
11.25%
12 Years
31,665
28,380
22,400
11.50%
15 Years
19,060
16,025
10,500
12.25%
18 Years
11,260
8,340
3,025
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.
