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   For A Better Tomorrow ©

islamic

Corporate Finance


Islamic Banking offers following Corporate Financing complying shariah rules.

  • For doing business, working capital financing is being offered under Bai Murabaha Muajjal .
  • Fixed assets such as real-estate, machineries, furniture, fixtures etc. are financed under Hire Purchase Shirkatul Melk (HPSM).
  • Import finance is performed thorough Letter Of Credit & Bai-Murabaha Muajjal port import and export financing under Quard against Accepted Bills and documentary bills for collection method.
  • Musharaka mode of investment is also available for corporate project financing

Corporate Privilege Account


Islamic Banking offers corporate salary account (MSA) with bundle of facilities named Corporate Privilege Account. The package is offered to corporate bodies having minimum 20 employees and subject to corporate agreement / understanding.

 

Salient Features

  • No Initial Deposit is required.
  • No withdrawal restriction/ ceiling in a week/month
  • No Cheque-book fee
  • Profit calculation on daily balance basis (any amount)
  • Fund transfer on Standing Instruction, BEFTN & RTGS
  • Charge-free Online Banking service all over the country
  • Bank Asia ATM Debit Card Service
  • Free Internet Banking
  • Free SMS Alert
  • Free “Bank Asia Smart App” facility through Smart phone
  • To be opened and operated from any Branches / Windows / SME Service Centers as well as Agent Banking Outlets
  • Present Income sharing Ratio (ISR)- Client : Bank :: 45 : 55

 

Required Documents to Open Account

For individual:

  • Photocopy of National ID Card / Passport or Birth Registration Certificate with any valid Photo ID.
  • Copy of Utility Bill or any other authentic document as proof of address.
  • Copy of Business Card or any other profession supported documents like ID Card / Appointment Letter / Trade License / Pay advice etc.
  • Two copies of passport size recent photograph of account holder duly attested by the introducer.
  • Photograph and signature of the nominee(s), if any, duly attested by the account holder.
  • A/C Opening Form duly filled in.
  • Specimen Signature Card duly signed in presence of the Manager or Authorized Officer.
  • Any other document required by the Bank from time to time.

 

Additional documentation and formalities to be observed before opening the account for the following entities:

 

For Limited Company:

  • Certified true copy or memorandum and Articles of Association.
  • Certified true copy of Certificate of Incorporation.
  • Certified copy of Certificate of Commencement of Business(for public Limited Company)
  • Copy of the Resolution of the Board of Directors deciding to open account with the Bank Asia Limited and authoring specimen signatories for operation of the Account duly attested by the Chairperson/Managing Director.
  • Trade License.
  • E-TIN Certificate.

Investors Relationship Contact Person

Contact Person : Mohammed Monzur Morshed Bhuiyan
Telephone Number : +88 02- 47110062, 47110247, 47113867, 47110278, 47110173, 47115813, Ext-301
Fax No : +88 02 9514820
Cell No. : +88 01711 198 680
Email : monzur.morshed@bankasia-bd.com