MTB Yaqeen Aghniya Scheme is a recurring deposit product designed based on the principle of Mudarabah, a form of partnership between the client and MTB Yaqeen. The depositor is the ‘Rab-ul-Maal’ or capital provider and the bank is the ‘Mudarib’ or user of the client’s funds. MTB Yaqeen allocates the funds to a deposit pool which is utilized under Shari’ah compliant modes of financing. Income from such financing activities are distributed between MTB Yaqeen and its client as per pre-agreed Income Sharing Ratio (ISR).This scheme will enable the eligible persons of the country to save BDT 1,00,000 (one lac) through monthly installments over a period of time.
*Based on actual income, actual tenure to become ‘Aghniya’ may vary. Tenures mentioned above are for indicative purpose only.