Mudaraba Monthly Savings Scheme
Mudaraba Monthly Saving Scheme (MMSS) is a mode of deposit under Mudaraba principles of Islamic Shariah. It is a monthly deposit scheme with option to deposit any amount multiple of BDT500. It can be opened for 3years, 5 years, 8 years, 10 years & 12 years tenure.
Features & Benefits
• Designed under Mudaraba principles of Islamic Shariah.
• It is a monthly deposit scheme
• option to deposit any amount multiple of BDT500
• It can be opened for 3years, 5 years, 8 years, 10 years & 12 years tenure.
• A receipt is issued against each deposit
• No profit shall be payable if the MMSS is encashed before one year.
How to Open a Bank Account
Opening a new bank account with Trust Bank Islamic is simple. Follow these steps:
01: ELIGIBILITY
Any Person (individual/joint) is eligible to open the account
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
- Auto-debit instruction mandatory
- Monthly installment deducted from linked account