Islamic Junior Savings Account

MTB Islamic Junior 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).

Key Features:

Account available for customers under 18 years of age
Minimum account opening deposit: BDT 100
No account maintenance fee
Profit credited semi-annually based on daily balance
Minimum balance of BDT 1,000 required to be eligible for profit
Access to 3 free cheque books, debit card, SMS banking, and internet banking (for legal guardian)

Basic Fees & Charges*

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*

MTB