MTB Yaqeen Short Notice Deposit Accountis operated under Shari’ah compliant mode 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).

Key Features:

  • Any Bangladeshi citizen/resident aged 18 years or above can open an account.
  • Minimum opening deposit: BDT 1,000.
  • No minimum deposit is required to earn profit.
  • No restriction on amount and number of deposit/withdrawal transactions. Clients can withdraw their deposits by giving a notice before at least 07 (seven) days.
  • Profit rate is derived from the pre-agreed Income Sharing Ratio (ISR) on a monthly basis.
  • Profit rate may vary with any variation in bank’s income.
  • Complimentary Services:
    • Debit Card (1st Year)
    • Account Statement on half yearly basis
    • Internet Banking
    • Cheque Book (1st 25 Pages)
    • Countrywide Online Transaction

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