MTB Yaqeen Term Deposit in Days Account is 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.
  • Legal guardians can open and operate an account on behalf of a minor.
  • Minimum opening deposit: BDT10,000.
  • An account can be opened for a tenure of 100/200/365 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.
  • Qard/withdrawal facility up to 90% of the principal value can be availed.

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