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islamic

ISR Module of Islamic Banking


The Income Sharing Ratio (ISR) is a unique module for income distribution among the Mudaraba Depositors, where the rate of profit is directly linked to the investment income of Islamic Banking operations. According to this module, Bank Asia Islamic Banking does not offer any kind of Fixed Rate or Provisional Rate to the depositor; but only can offer an Income Sharing Ratio (ISR) which will work out the profit rate from our Investment at the end of each month. The rate of profit, in our case, is an output (result), not input. For example, the ISR of ‘Depositor/ Client: Bank = 70:30’ means that 70% of distributable investment income is to be shared by the concerned depositors and the rest 30% to be shared by the Bank.

 

The ISR between each type of Mudaraba depositor (Sahib al Mal) and the Bank (Mudarib) are duly disclosed at the time of account opening or at the beginning of the concerned period. Profit rate is emerged at actual, as derived from the concerned income fetched from deployment of the concerned fund. In other words, our rate of profit on deposit under Islamic Banking is nothing but a post facto expression of the respective agreed ratios.

 

The present ISR on Mudaraba deposits is as follows ( November 1, 2018 ):

Sl. Types of Mudaraba Deposit Tenure Distributable Investment Income Sharing Ratio (ISR)
Client Bank

01

Mudaraba Savings Account (MSA)

N/A

45

55

02

Mudaraba Corporate Privileged Savings Account (MCPSA)

N/A

45

55

03

Mudaraba Special Notice Deposit Account (MSNDA)

N/A

35

65

04

Smart Junior Saver (School Banking Account)

N/A

60

40

05

Mudaraba Term Deposit Accounts

1 Month

60

40

06

Mudaraba Term Deposit Accounts

2 Months

60

40

07

Mudaraba Term Deposit Accounts

3 Months

70

30

08

Mudaraba Term Deposit Accounts 

6 Months

72

28

09

Mudaraba Term Deposit Accounts 

(Tk. 1 Crore and above)

6 Months

76

24

10

Mudaraba Term Deposit Accounts

1 Year

75

25

11

Mudaraba Term Deposit Accounts 

(Tk. 1 Crore and above)

1 Year

85

15

12

Mudaraba Term Deposit Accounts

2 Years

70

30

13

Mudaraba Term Deposit Accounts

3 Years to 5 Years

70

30

14

Corporate Term Deposit  [Institutional deposit only]

(Tk. 1 Crore and above)

3 Months

70

30

15

Corporate Term Deposit  [Institutional deposit only]

(Tk. 1 Crore and above)

6 Months

76

24

16

Corporate Term Deposit  [Institutional deposit only]

(Tk. 1 Crore and above)

1 Year

85

15

17

Mudaraba Hajj Savings Scheme(MHSS)

1 to 10 years

88

12

18

Mudaraba Deposit Pension Scheme(MDPS)

3 to 12 years

85

15

19

Mudaraba Monthly Profit Paying Deposit Scheme (MMPPDS)

1Year

80

20

20

Mudaraba Monthly Profit Paying Deposit Scheme (MMPPDS)

2 years

82

18

 

Mudaraba Monthly Profit Paying Deposit Scheme (MMPPDS)

3 to 5 years

85

15

 

Cash Waqf

Perpetual

88

12


Historical Rate of Profit


Year Title Details
2019 Month wise Annualized Profit Rate - 2019
2018 Month wise Annualized Profit Rate - 2018
2017 Month wise Annualized Profit Rate - 2017
2016 Month wise Annualized Profit Rate - 2016
2015 Month wise Annualized Profit Rate - 2015

Last month's Rate of Profit


Rate of Profit - January 2019

 

Sl.

Mudaraba Deposit Accounts

Tenure

Annualized Profit

01

Mudaraba Savings Account (MSA)

-

4.30%

02

Mudaraba Corporate Privileged Savings Account (MCPSA)

-

4.30%

03

Mudaraba Special Notice Deposit Account (MSNDA)

-

3.35%

04

Smart Junior Saver (School Banking Account)

-

5.74%

Sl.

Mudaraba Term Deposits

Tenure

Annualized Profit

05

Mudaraba Term Deposit Accounts

1 Month

5.74%

06

Mudaraba Term Deposit Accounts

  2 Months

5.74%

07

Mudaraba Term Deposit Accounts  

 3 Months

6.70%

08

Mudaraba Term Deposit Accounts (Below Tk. 1 Crore)

    6 Months

6.89%

09

Mudaraba Term Deposit Accounts (Tk. 1 Crore & above)

    6 Months

7.27%

10

Mudaraba Term Deposit Accounts(Below Tk. 1 Crore)

1 Year

7.17%

11

Mudaraba Term Deposit Accounts(Tk. 1 Crore and above)

1 Year

8.13%

12

Mudaraba Term Deposit Accounts(Below Tk. 1 Crore)

2 Year

6.70%

13

Mudaraba Term Deposit Accounts(Tk. 1 Crore and above)

2 Year

8.13%

14

Mudaraba Term Deposit Accounts(Below Tk. 1 Crore)

3 Year

6.70%

15

Mudaraba Term Deposit Accounts(Tk. 1 Crore and above)

3 Year

8.13%

 

Sl.

Mudaraba Deposit Schemes

Tenure

Annualized Profit

17

Mudaraba Hajj Savings Scheme(MHSS)

1 to 10 years

8.42%

18

Mudaraba Deposit Pension Scheme(MDPS)

3 to 12 years

8.13%

19

Mudaraba Monthly Profit Paying Deposit Scheme (MMPPDS)

1 Year

7.65%

20

Mudaraba Monthly Profit Paying Deposit Scheme (MMPPDS)

2 Years

7.84%

21

Mudaraba Monthly Profit Paying Deposit Scheme (MMPPDS)

3 to 5 Years

8.13%

22

Cash Waqf

Perpetual

8.42%

 

Sl.

Corporate Term Deposit Account (CTDA)  

[Institutional deposit only]

Tenure

Annualized Profit

01

Tk. 1 Crore and above

3 Months

6.70%

02

Tk. 1 Crore & above

  6 Months

7.27%

03

Tk. 1 Crore and above

1 Year

8.13%


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