Mudaraba Savings Account
This product is designed under Mudarabah principles of Islamic Shariah. Here Bank is 'Mudarib' and customers are 'Shahib Al-Mal'. On behalf of depositors, the Bank invests their deposited money and distributes investment-income earned from the Mudaraba funds. Provisional profit is paid half yearly and final profit rate is adjusted at the year end.
Features & Benefits
- Based on Mudarabah (profit-sharing system).
- Profit shared at a pre-agreed ratio; loss borne by depositor, bank loses effort.
- Bank acts as Mudarib (manager), depositor as Shaheb-al-Maal (investor).
- BDT 1,000/- only for opening balance
- Minimum balance for earning profit is BDT 5,000 only
- Debit card transaction facility
- Half yearly free statement
- Profit calculated on daily balance and adjusted yearly (provisional system).
- Suitable for flexible savings (individual/joint/organizational) with secure banking, subject to applicable charges.
How to Open a Bank Account
Opening a new bank account with Trust Bank Islamic is simple. Follow these steps:
01: ELIGIBILITY
- Any Bangladeshi citizen (singly/jointly) age of 18 years are eligible to open the account.
- Minor account can be opened under the supervision of his / her / their guardian.
- Institution also can open the account.
02: DOCUMENTARY REQUIREMENTS
- Copy of National ID/Passport/Proof of Citizenship etc. of A/C Holder and Nominee.
- 03 passport size photographs of each Signatory duly attested by the introducer.
- 01 passport size photograph of nominee duly attested by the account holder.
Source of income document (Employee ID card for individual). - Tin certificate
- Trade License, Partnership deed, Certificate of Incorporation, Articles and Memorandum of Association, Board Resolution, Form-XII, Personal Information of Directors, TIN Certificate of directors.
- Introduction of the account.