Islami Bank operates all accounts except Current Account under the Mudaraba principle (Profit & risk sharing) of Islamic Shari`ah. This principle offers depositors an agreed portion of business profit and assigns risk for any genuine loss. The Bank distributes a minimum 65% of its investment income among all Mudaraba accounts as per weightage. Hereby the rate of profit paid is variable. The Bank pays profit on provisional basis twice a year. After annual calculation of Final Profit, the paid amount is adjusted.
Islami Bank Bangladesh Limited operates current account namely 'Al-Wadeeah Current Account' (AWCA) on al-wadeeah principles of Islamic shari'ah. The Bank takes permission from depositors for utilizing the money and commits to refund money deposited in these accounts on demand by the customers. Customers can withdraw money as many times they want. No profit is disbursed in these Accounts and depositors do not bear any loss.
Any Business
entity like Firm or Company or Organization operating in Bangladesh.
Business person operating small business without trade license can also open this A/C.
Any Bangladeshi citizen with minimum Age 18 years.
Minimum balance: Tk.1,000/-
Trade License for business enterprise.
TIN Certificate.
2 copy of recent passport size photo for each signatory (attested by introducer holding Current A/c with IBBL).
NID/ Valid Passport/Driving License.
Nominee’s NID & photo (attested by applicant).
Recent utility bill (electricity/gas/WASA/telephone).
**Bank may ask for any other additional document if required so.
Unlimited transactions.
'No profit no loss' on balance.
Cheque Book facility.
Debit Card (VISA/Mastercard) for personal or single proprietorships.
Any branch service from the country’s largest network of branch, agent outlet and ATMs.
Internet Banking, e-Statement, SMS Banking.
Islami Bank operates savings accounts under the Mudaraba principle of Islamic Shariah. This principle offers depositors an agreed portion of business profit and assigns risk for any genuine loss. Islami Bank distributes a minimum 65% of its investment income among all Mudaraba accounts as per waitage. Mudaraba Savings accounts are mainly meant for Non-Trading customers who have some potential saving with small no. of transactions.
Any Bangladeshi national.
More than one person can jointly operate MSA.
Guardian on behalf of a minor can open MSA
Any Bangladeshi citizen with minimum Age 18 years.
Complete and duly signed account opening form.
Recent Photo: 2 copy, passport size, attested by introducer.
NID/ Valid Passport/Driving License.
Nominee’s NID & photo (attested by applicant).
Recent electricity or other utility bill in case of present address differing to NID/Passport.
Receipt copy of last year’s Income Tax return (optional).
**Bank may ask for any other additional document if required so.
Standard Savings Account. No limit on withdrawal/deposit.
Minimum balance: Tk. 500/-.
Cheque Book facility.
Instant or personalized Debit Cards. Dual currency available.
Self operabilty thru Internet Banking service.
Self opening & transactions thru Cellfin.
Country’s largest network for ATM and Any Branch Service.
SMS notification & query service.
Profit on provisional basis is paid twice a year.
Additional amount (if any) is paid after annual calculation of Final Rate.
Lowest balance of a month is eligible for profit.
No profit for a month in case of 4 times or more withdrawal.
Fees and Charges as per Schedule of Charges will be realized twice a year.
Separate charges applicable for debit card and SMS service subscription.
Excise duty may be realized as per Govt rules and regulations.
Student Mudaraba Savings Account (SMSA) offers minimum-cost banking services to graduation level students and pre-career youths.
Any Bangladeshi national.
Minimum age: 18 years, Maximum: 30 years.
After age crossing 30 years, the A/c may be converted to normal MSA
Complete and duly signed account opening form.
Recent Photo: 2 copy, passport size, attested by introducer.
NID/ Valid Passport/Driving License.
Nominee’s NID & photo (attested by applicant).
Student ID Card.
**Bank may ask for any other additional document if required so.
No A/c maintenance charge.
Minimum balance: Tk.100/- only.
Charge free Debit Card (VISA Rapid).
Charge-bearing debit cards may also be available.
Self operabilty thru Internet Banking service.
Self opening & transactions thru Cellfin.
Country’s largest network for ATM and Any Branch Service.
SMS notification & query service.
Profit on provisional basis is paid twice a year.
Additional amount (if any) is paid after annual calculation of Final Rate.
Lowest balance of a month is eligible for profit.
No profit for a month in case of Tk. 2000 or more withdrawal
Islami Bank is a national pioneer in Farmer's Account. It aims at offering low cost financial services to the farmers, growing up savings habit among them agains time of crucial needs and to increase Financial Inclusion of the country bringing the farmers under the banking arena.
Any person being farmer by profession.
Minimum Age: 18 years.
Complete and duly signed account opening form.
Recent Photo: 2 copy, passport size, attested by introducer.
NID/ Valid Passport/Chairman certificate/ Farmers ID Card.
Nominee’s NID & photo (attested by applicant).
Recent electricity/ other utility bill in case of present address differing to NID/Passport.
**Bank may ask for any other additional document if required so.
Deposit & Withdrawal as you need.
Minimum balance: Tk.10/- only.
No A/c maintenance charge.
Cheque book facility.
Instant Debit Card: lowest cost, free for 1 year.
Self opening & transactions thru Cellfin.
Internet Banking service available
SMS notification & query service.
Profit on provisional basis is paid twice a year.
Additional amount (if any) is paid after annual calculation of Final Rate.
Lowest balance of a month is eligible for profit.
No profit for a month in case of 4 times or more withdrawal
Islami Bank is a national pioneer in Farmer's Account. It aims at offering low cost financial services to the farmers, growing up savings habit among them agains time of crucial needs and to increase Financial Inclusion of the country bringing the farmers under the banking arena.
Any minor aged below 18 years.
Guardian will operate this A/C.
Birth Certificate of the minor.
Student’s photo: 1 copy, Guardian’s photo: 2 copy ( attested by Introducer).
School ID.
Guardian’s NID Card/Passport.
Nominee’s NID & Photo (attested by Applicant).
**Bank may ask for any other additional document if required so.
Deposit & Withdrawal as you need.
Minimum balance: Tk.100/- only.
No A/c maintenance charge.
Free Debit Card (VISA Rapid).
Internet Banking service available
SMS notification & query service.
Profit on provisional basis is paid twice a year.
Additional amount (if any) is paid after annual calculation of Final Rate.
Lowest balance of a month is eligible for profit.
No profit is eligible for a month in case of Tk. 2000 or more withdrawal.
Mudaraba Special Savings (Pension) Account of 5-year or 10-year term may be opened for monthly deposits of Tk. 100.00, Tk. 200.00, Tk. 300.00, Tk. 400.00, Tk. 500.00, Tk. 600.00, Tk. 700.00, Tk. 800.00, Tk. 900.00, Tk. 1000.00 and Multiple of thousand upto Tk. 20,000.00 only. After maturity of the account, the account holder will be paid his deposited amount with profit earned at a time or on installment basis. The parents or legal guardians shall be allowed to open this account jointly with a minor.
Any Bangladeshi national.
Minimum age: 18 years.
Guardian may run account in name of a minor (-18).
Complete and duly signed account opening form.
NID/ Valid Passport/Driving License.
Recent Photo: 2 copy, passport size, attested by introducer.
Nominee’s NID & photo (attested by applicant).
Recent electricity/ other utility bill in case of present address differing to NID/Passport.
Receipt copy of last year’s Income Tax return (optional).
**Bank may ask for any other additional document if required so.
Fixed installment savings scheme.
Monthly installment: Tk.500 & its multiple (up to Tk. 50,000/-).
Tenure: 3, 5 or 10 years.
Deposit Card available for cash deposit thru CRM/IDM.
Standing instruction available for paying installment from same branch account
Free deposit from any branch, agent banking, Internet Banking or Cellfin.
MSSA account operates on Mudaraba (Profit-Loss sharing) principle of Islamic Shariah. This principle offers depositors an agreed portion of business profit and assigns risk for any genuine loss. Islami Bank distributes a minimum 65% of its investment income among all Mudaraba accounts as per weightage. Hereby the rate of profit paid is variable.
Profit on provisional basis is paid twice a year.
Additional amount (if any) is paid after annual calculation of Final Rate.
Advance Income Tax as per Govt rules is deducted each time of profit payment.
Excise duty may be realized as per Govt norms.
Mudaraba Special Savings (Pension) Account of 5-year or 10-year term may be opened for monthly deposits of Tk. 100.00, Tk. 200.00, Tk. 300.00, Tk. 400.00, Tk. 500.00, Tk. 600.00, Tk. 700.00, Tk. 800.00, Tk. 900.00, Tk. 1000.00 and Multiple of thousand upto Tk. 20,000.00 only. After maturity of the account, the account holder will be paid his deposited amount with profit earned at a time or on installment basis. The parents or legal guardians shall be allowed to open this account jointly with a minor.
Any Bangladeshi national.
Above 18 years old.
Complete and duly signed account opening form.
NID/ Valid Passport/Driving License.
Recent Photo: 2 copy, passport size, attested by introducer.
Nominee’s NID & photo (attested by applicant).
Recent electricity/ other utility bill in case of present address differing to NID/Passport.
Receipt copy of last year’s Income Tax return (optional).
**Bank may ask for any other additional document if required so.
Fixed installment savings scheme.
Monthly installment: Tk.500 & its multiple (up to Tk. 20,000/-).
Tenure: 3, 5 or 10 years.
Deposit Card available for cash deposit thru CRM/IDM.
Standing instruction available for paying installment from same branch account
Free deposit from any branch, agent banking, Internet Banking or Cellfin.
MMSA account operates on Mudaraba (Profit-Loss sharing) principle of Islamic Shariah. This principle offers depositors an agreed portion of business profit and assigns risk for any genuine loss. Islami Bank distributes a minimum 65% of its investment income among all Mudaraba accounts as per weightage. Hereby the rate of profit paid is variable.
Profit on provisional basis is paid twice a year.
Additional amount (if any) is paid after annual calculation of Final Rate.
Advance Income Tax as per Govt rules is deducted each time of profit payment.
Excise duty may be realized as per Govt norms.
Any Muslim intending to perform Hajj by bulding-up deposit in Hajj Saving Account required for meeting Hajj expenses will select one from the 25 alternative choices based on duration of period from 1 year to 25 years for building up savings by monthly installments.
Any Bangladeshi national.
Above 18 years old.
Complete and duly signed account opening form.
NID/ Valid Passport/Driving License.
Recent Photo: 2 copy, passport size, attested by introducer.
Nominee’s NID & photo (attested by applicant).
Recent electricity/ other utility bill in case of present address differing to NID/Passport.
Receipt copy of last year’s Income Tax return (optional).
**Bank may ask for any other additional document if required so.
Fixed installment savings scheme.
Monthly installment: Tk.500 & its multiple (up to Tk. 20,000/-).
Tenure: 3, 5, 10, 20 or 25 years.
Deposit Card available for cash deposit thru CRM/IDM.
Standing instruction available for paying installment from same branch account
Free deposit from any branch, agent banking, Internet Banking or Cellfin.
MHSA account operates on Mudaraba (Profit-Loss sharing) principle of Islamic Shariah. This principle offers depositors an agreed portion of business profit and assigns risk for any genuine loss. Islami Bank distributes a minimum 65% of its investment income among all Mudaraba accounts as per weightage. Hereby the rate of profit paid is variable.
Profit on provisional basis is paid twice a year.
Additional amount (if any) is paid after annual calculation of Final Rate.
Advance Income Tax as per Govt rules is deducted each time of profit payment.
Excise duty may be realized as per Govt norms.
IBBL launched “Mudaraba Bibaho Savings Account (MBSA)” for the people who are planning to save money for bearing the marriage costs. Youths and parents having plans to start a new family in near or distant future may build-up savings under this scheme.
Any Bangladeshi national.
Above 18 years old.
Complete and duly signed account opening form.
NID/ Valid Passport/Driving License.
Recent Photo: 2 copy, passport size, attested by introducer.
Nominee’s NID & photo (attested by applicant).
Recent electricity/ other utility bill in case of present address differing to NID/Passport.
Receipt copy of last year’s Income Tax return (optional).
**Bank may ask for any other additional document if required so.
Fixed installment savings scheme.
Monthly installment: Tk.500 & its multiple (up to Tk. 50,000/-).
Tenure: 3 or 5 years.
Deposit Card available for cash deposit thru CRM/IDM.
Standing instruction available for paying installment from same branch account
Free deposit from any branch, agent banking, Internet Banking or Cellfin.
MBSA account operates on Mudaraba (Profit-Loss sharing) principle of Islamic Shariah. This principle offers depositors an agreed portion of business profit and assigns risk for any genuine loss. Islami Bank distributes a minimum 65% of its investment income among all Mudaraba accounts as per weightage. Hereby the rate of profit paid is variable.
Profit on provisional basis is paid twice a year.
Additional amount (if any) is paid after annual calculation of Final Rate.
Advance Income Tax as per Govt rules is deducted each time of profit payment.
Excise duty may be realized as per Govt norms.
Mudaraba Term Deposit Receipt (MTDR) is a profit bearing account which offers returns by depositing money for fixed period of time based on Mudaraba concept. These deposits are repayable subject to a period of notice and hence known as time deposits or time liabilities meaning thereby that these are withdrawable subject to a period of notice and not on demand. Tk.1000/- and multiple of Tk.100/- for the period of 3 months, 6 months, 12 months, 24 months and 36 months can be deposited.
Any Bangladeshi national.
Above 18 years old.
Complete account opening form.
02 copies passport size photographs of account holder duly attested by introducer.
Recent Photo: 2 copy, passport size, attested by introducer.
1 copy photograph of nominee duly attested by the accountholder.
Identification proof like National ID Card/Passport/Chairman certificate.
Minimum deposit Tk.1000/-.
Introducer signature.
**Bank may ask for any other additional document if required so.
Any individual may open this Account by depositing money a minimum amount of Taka 100,000/- and multiples thereof at a time for five years only. Monthly provisional profit shall be given to the Account just after completion of minimum 30 days from the date of opening of the Account. The profit amount shall be adjusted on completion of each accounting year after declaration of final rate of profit.
Any Bangladeshi national.
Above 18 years old.
Complete account opening form.
02 copies passport size photographs of account holder duly attested by introducer.
Recent Photo: 2 copy, passport size, attested by introducer.
1 copy photograph of nominee duly attested by the accountholder.
Identification proof like National ID Card/Passport/Chairman certificate.
Minimum deposit Tk.100000/-.
Introducer signature.
**Bank may ask for any other additional document if required so.
Islami Bank Agent Banking
Mohamaya Agent Outlet
Salauddin Tower Market (2nd Floor)
Mohamaya Bazar, Cumilla Road
Chandpur
a.k.m.finance.bd@gmail.com
Mobile: +880 1820 161284
