• Home
• Banks
• EXIM Bank
• Accounts
• Al- Wadia Current Deposit

Al- Wadia Current Deposit

• Detail
• Branches
• ATMs
• Routings

In Exam Bank, Al-Wadiah Current Account follows the Principle of Islami Shariah wherein the bank is deemed as a keeper and trustee of funds as Al-Amana, which means "on Trust". This deposit that operates by taking permission from depositors would be taken to use their fund according to Shariah Principle and depositors would not receive any kind of profit. As such the bank is under obligation to return the entire money on demand by the customer. The account is not time barred, i.e., Account Holder can withdraw money as many numbers of times as he wishes in a working day.

Main Features
- Halal way or without Riba (interest or usury) transaction.
- Unlimited deposit or withdrawal.
- No profit will be given.
- Cheque book facilities.
- ATM Card.
- Free online transaction.
- No Over Draft will be allowed in the account.
- SMS banking service includes balance inquires/Mini-statement by mobile phone.

Required Documents
- Account opening duly filled up and signed by account holder.
- 2 Copies passport size photographs of every operators duly attested by introducer.
- Photographs of National ID Card/Passport/Chairman certificates.
- Introducer signature.

Deposit Rates
Provisional Profit Rate is 0%.

Terms and conditions
- Bank may use the fund at its own discretion with prior permission of the account holder and without any risk to the account holder.
- Customer may be withdraw the entire (or part of) fund without any notice to the bank.

Download Application

---

More EXIM Bank Accounts

• Mudaraba Savings Deposit
• Mudaraba Cash Waqf Deposit

About Export Import Bank of Bangladesh Limited

The Export-Import Bank of Bangladesh, commonly known as EXIM Bank, was established in 1999 as a crucial financial institution aimed at facilitating trade and enhancing the country's economic development. Its formation was a strategic response to the need for a dedicated banking institution that could support both exports and imports in a rapidly globalizing economy. EXIM Bank operates under the regulatory framework of the Bangladesh Bank and has since grown to be a significant player in the financial sector. The bank's primary objective is to provide financial assistance and promote international trade by offering a range of services tailored to the needs of exporters and importers.

EXIM Bank has developed a diverse portfolio of services, including various financing options such as export financing, import financing, and trade-related loans. One of its flagship products is the Export Credit Scheme, which provides working capital to exporters, enabling them to fulfill international orders. Additionally, the bank offers competitive rates for pre-shipment and post-shipment financing, thus alleviating cash flow constraints faced by businesses. To further bolster the export sector, EXIM Bank also extends guarantees and insurance facilities to mitigate risks associated with international trade.

Moreover, the bank has ventured into investment in infrastructure projects that support trade, aligning with the government’s broader economic goals. By financing logistics and transport infrastructure, EXIM Bank contributes to improving the overall efficiency of the supply chain, which is vital for enhancing the competitiveness of Bangladeshi products in global markets. The bank also emphasizes capacity building and training for exporters, equipping them with the necessary skills and knowledge to navigate the complexities of international trade.

In addition to its core services, EXIM Bank plays a pivotal role in fostering relationships between Bangladeshi businesses and international markets. Through its extensive network of branches and foreign correspondents, the bank facilitates smoother transactions and enhances market access for local exporters. This proactive engagement not only aids in promoting Bangladeshi products abroad but also attracts foreign investment, further stimulating economic growth.

Overall, EXIM Bank has positioned itself as an essential institution in Bangladesh’s economic landscape, driving the growth of trade and investment. Its comprehensive range of financial products and services, combined with a focus on risk management and capacity building, has made it a vital partner for businesses seeking to expand their reach in the global marketplace. As Bangladesh continues to evolve in the context of international trade, EXIM Bank's role will undoubtedly remain crucial in supporting the country’s aspirations for economic advancement and integration into the global economy.