Mudarabah Shikha Sanchaya Scheme (MSSS)

Features and Benefits
  • Based on Mudarabah Principle of Islamic Shari'ah.
  • 10 years’ duration.
  • Monthly installment of Tk.500.00 and above.
  • No renewal facility.
  • Advanced installment is allowed.
  • Profit calculation on daily product basis.
  • Payment on maturity or premature encashment.
  • Withdrawal facility up to 90% of present encashment value of MSSS after 2 years.
  • Multiple A/C in same name can be opened.
  • No cheque book is issued.
  • Standing instruction for crediting EMI from AWCA/MSA is allowed.
  • Eligibility
  • Any Bangladeshi father/mother can open this A/C in the name of their minor children.
  • 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 A/C holder and A/C operator (attested by introducer).
  • Passport size photograph of the nominee (attested by the A/C holder).
  • Specific papers/documents as per requirement.
  • Fees/ Service Charges
  • No Fee or Service Charge.