Trust Mudaapah Deposit Scheme
Trust Mudaapah Deposit Scheme (TMDS) is a mode of deposit under Mudaraba principles of Islamic Shariah. The client will deposit monthly installment as well as an initial amount. The expected maturity value will be double in 3 years and will be triple in 5 years.
Features & Benefits
• Designed under Mudaraba principles of Islamic Shariah.
• Initially a fixed deposit amount
• Also operates as a monthly deposit scheme
• Option to open with Tk.25,000.00; Tk.50,000.00; Tk.100,000.00; Tk 200,000.00; & Tk.1,000,000.00
• It can be opened for 3 years and 5 years only
• 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 Individual (singly/jointly) can open the account.
• clubs, societies & similar organizations
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
- Auto-debit instruction mandatory
- Monthly installment deducted from linked account