MTB Islamic Angona Premium Savings Account operates under the Shari’ah-compliant mode of Mudarabah, a form of partnership between a client and MTB Islamic. The depositor is Rab-ul-Maal (capital provider), and the bank acts as Mudarib (fund manager). MTB Islamic allocates the funds to a deposit pool, which is utilized through Shari’ah-compliant modes of financing. Income generated from these financing projects is distributed between MTB Islamic and its clients as per the pre-agreed Income Sharing Ratio (ISR).
Description | Amount** |
Debit Card | BDT 500 per year |
Cheque Book | BDT 15 per leaf |
SMS Banking | BDT 200 per year (charged on June 30 and December 31) |
Internet Banking | Free |
Account Maintenance Fee | Free |
On-line Cash Transaction (Inter & Within City) | Free |
Account Closing Fee | BDT 200 |
*To get the complete Schedule of Charges (SOC), please visit: Schedule of Charges
**VAT Applicable
Last updated on *July 8, 2025*
Product Names | Balance Range | Indicative Profit Rate (IPR) | Income Sharing Ratio (ISR) |
---|---|---|---|
MTB Islamic Angona Premium Savings Account | Any Amount above 1 lac | 2.50% | 17% |