MTB Yaqeen Asriya 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 to build up fund for BDT 1,00,00,000 (one crore) through monthly installments over a period of time.
*Based on actual income, actual tenure to become ‘Asriya’ may vary. Tenures mentioned above are for indicative purpose only.