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Mudaraba Term Deposit Account

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Mudaraba Term Deposit Receipt (MTDR) is a profit bearing account which offers returns by depositing money for fixed period of time based on Mudaraba concept. These deposits are repayable subject to a period of notice and hence known as time deposits or time liabilities meaning thereby that these are withdrawable subject to a period of notice and not on demand. BDT. 1,000.00 and multiple of BDT 100.00 for the period of 3 months, 6 months, 12 months, 24 months and 36 months can be deposited.

Required Documents
- Complete account opening form.
- 2 copies passport size photographs of account holder duly attested by introducer.
- 1 copy photograph of nominee duly attested by the account holder.
- Identification proof like National ID Card/ Passport/ Chairman certificate.
- 1 set photocopy of National ID Card/ Passport/ Chairman certificate.
- Signature of Introducer.
- Minimum deposit BDT 1,000.00.

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More Islami Bank Accounts

• Al-Wadeah Current Account
• Mudaraba Savings Account
• Mudaraba Special Notice Account
• Mudaraba Special Savings (Pension) Account
• Mudaraba Savings Bond
• Mudaraba Waqf Cash Deposit Account
• Mudaraba NRB Savings Bond Account
• Mudaraba Foreign Currency Deposit Account
• Students Mudaraba Savings Account
• Mudaraba Farmers Savings Account

About Islami Bank Bangladesh PLC

Islami Bank Bangladesh Limited (IBBL) holds a significant place in the financial landscape of Bangladesh, being the first bank to operate under Islamic banking principles in the country. Established in 1983, it was a pioneering effort to offer banking services compliant with Shariah law, catering to a growing demand for ethical and interest-free banking options. The inception of IBBL marked a pivotal moment in the financial sector, as it sought to align financial practices with Islamic teachings while promoting socio-economic development.

Over the years, IBBL has expanded its services to include a wide array of banking products that cater to both individual and corporate clients. These services encompass personal banking, corporate financing, trade finance, and various investment opportunities, all structured to comply with Islamic principles. The bank emphasizes profit-sharing models, such as Mudarabah and Musharakah, which foster a sense of partnership between the bank and its clients, promoting equitable distribution of wealth. Additionally, IBBL offers microfinance programs aimed at empowering marginalized communities, thereby contributing to poverty alleviation and sustainable development.

The growth trajectory of IBBL has been impressive, with an extensive network of branches across Bangladesh, making it one of the largest banks in the country. Its commitment to customer service and community welfare has enhanced its reputation, attracting a diverse clientele. Moreover, the bank has played a vital role in financial inclusion, providing banking services to individuals who may have been excluded from traditional banking due to religious beliefs. This inclusivity has not only fostered economic participation but also contributed to the overall growth of the banking sector in Bangladesh.

In addition to its financial services, IBBL is actively involved in various philanthropic activities. The bank supports educational initiatives, healthcare projects, and disaster relief efforts, aligning with its mission to contribute positively to society. By integrating corporate social responsibility with its business model, IBBL sets an example of how financial institutions can play a crucial role in national development.

Overall, Islami Bank Bangladesh Limited has significantly influenced the banking sector in Bangladesh by introducing Islamic banking principles that resonate with a large segment of the population. Its comprehensive range of services, commitment to ethical banking, and active involvement in community welfare have solidified its position as a leader in the Islamic banking industry, demonstrating the viability of Shariah-compliant finance in a modern economy.