Mudarabah Shadhin Sanchaya Deposit Scheme (MSSD)

Features and Benefits
  • Based on Mudarabah Principle of Islamic Shari'ah.
  • Minimum 3 years and above.
  • Initial deposit is Tk.100.00.
  • Multiple transaction is allowed.
  • Payment on maturity or premature encashment.
  • Profit calculation on daily product basis.
  • Withdrawal facility up to 90% of present encashment value of MSSD.
  • Account can be opened in joint names.
  • An illiterate person can also open this account.
  • Multiple A/C in same name can be opened.
  • No cheque book is issued.
  • Eligibility
  • Any Bangladeshi citizen in his/her name or in joint name can open and operate this A/C.
  • Income Distribution Method
  • Income is distributed between the Bank (Mudarib) and the Depositor (Saahibul Maal) as per Weightage Average Method.
  • Requirements
  • Photocopy of NID/Passport/Employer’s Certificate/Certificate from any dignitary/Driving License.
  • Passport size photograph of the applicant (attested by introducer).
  • Passport size photograph of the nominee (attested by the applicant) .
  • Specific papers/documents as per requirement.
  • Fees/ Service Charges
  • No Fee or Service Charge.