Mudaraba Term Deposit Receipt
Mudaraba Term Deposit Receipt (MTDR) is a profit bearing account which offers returns by depositing money for fixed period of time based on Mudaraba principles of Islamic Shariah.
Features & Benefits
• Minimum amount: BDT 10,000.00
• Tenures: 1, 3, 6, 12, 24, 36, 48 & 60 months
• Issued as printed receipt with official signatures & serial number
• Premature encashment (before 30 days): only principal returned (after deductions if any)
• After 30 days: profit may be given at Mudarabah savings rate (based on bank policy)
How to Open a Bank Account
Opening a new bank account with Trust Bank Islamic is simple. Follow these steps:
01: DOCUMENTARY REQUIREMENTS
- Any adult of sound mind can open account (single or joint)
- Guardian can open account for a mino
- Clubs, societies & similar organizations are eligible
02: DOCUMENTARY REQUIREMENTS
• National ID (NID) / valid identification document
• Photographs of account holder and nominee
• Nominee information and photograph
• Any other documents as required by the bank
• Must maintain linked account: AWCA / MSA / Other transactional account
• Must fill prescribed account opening form
• Organizations must submit bye-laws/regulations/articles of association