ISR Module of Islamic Banking

Bank Asia PLC. mobilizes deposits through different types of accounts. Bank Asia operates all accounts except Current Account under the Mudaraba principle (Profit & risk sharing) of Islamic Shari`ah. This principle offers depositors an agreed portion of business profit and assigns risk for any genuine loss. The Bank distributes a minimum 65% of its investment income among all Mudaraba accounts as per weightage. Hereby the rate of profit paid is variable. The Bank pays profit on provisional basis twice in a year. After calculation of Final Profit, the rest of profit amount would be adjusted.

 

Weightage & Provisional Profit rate of Islamic Banking Deposit Products.
 

Name of the Product		Proposed Weightage	Proposed Provisional Profit Rate
Mudaraba Term Deposit Account (MTDA)
1	1 month tenure	0.66	2.87%
2	2 month tenure	0.66	2.87%
3	100 days Tenure  (Individual)	1.15	5.00%
4	3 month tenure (Individual)	1.12	4.87%
5	3 month tenure (Institutional)(Below  Tk.1 Crore)	1	4.35%
6	3 month tenure (Institutional)(Tk.1 Crore to below 10 Crore)	1.07	4.65%
7	3 month tenure (Institutional)(Tk.10 Crore & above)	1.1	4.78%
8	6 month tenure (Individual)	1.15	5.00%
9	6 month tenure (Institutional)	1.05	4.56%
10	1 Year tenure (Individual)	1.15	5.00%
11	1 Year tenure (Institutional)	1.12	4.87%
12	2 Year tenure (Individual)	1.15	5.00%
13	2 Year tenure (Institutional)	1.14	4.95%
14	3 Year tenure (Individual)	1.15	5.00%
15	3 Year tenure (Institutional)	1.14	4.95%
16	4 Year tenure (Individual)	1.15	5.00%
17	4 Year tenure (Institutional)	1.14	4.95%
18	5 Year tenure (Individual)	1.15	5.00%
19	5 Year tenure (Institutional)	1.14	4.95%
Corporate Term Deposit Account (CTDA)
1	3 month tenure (Tk. 1 Crore and below 10 Crore)	1.07	4.65%
2	3 month tenure (Tk. 10 Crore to 25 crore)	1.1	4.78%
3	100 days Tenure Tk.1.00 crore & above	1.12	4.87%
4	3 month tenure (Tk. 25 crore and above)	1.12	4.87%
5	6 month tenure (Tk. 1 Crore and below 10 Crore)	1.1	4.78%
6	200 days Tenure Tk.5.00 crore & above	1.14	4.95%
7	6 month tenure (Tk. 10 Crore and above)	1.12	4.87%
8	1 Year tenure  (Tk. 1 Crore and below 10 Crore)	1.12	4.87%
9	1 Year tenure  (Tk. 10 Crore and above)	1.14	4.95%
Mudaraba Monthly Profit Paying Deposit  Scheme (MMPPDS)
1	1 year tenure	1.05	4.56%
2	2 year tenure	1.05	4.56%
3	3 year tenure	1.14	4.95%
4	4 year tenure	1.14	4.95%
5	5 year tenure	1.14	4.95%
Mudaraba Deposit Pension Scheme (MDPS) 3 – 12 Years		1.1	4.78%
Mudaraba Hajj Savings Scheme (MHSS) 1 Year – 10 Years		1.17	5.09%
Cash Waqf		1.17	5.09%
Mudaraba Savings Account (MSA)		0.53	2.25%
Mudaraba Savings Account-Staff (MSA-Staff)		0.53	2.25%
Mudaraba Savings Account - Smart (MSA - Smart)		0.53	2.25%
Mudaraba Corporate Privilege Savings Account (MCPSA)		0.53	2.25%
Mudaraba Special Notice Deposit (MSND)		0.47	2.00%
Mudaraba Special Notice Deposit (MSND) for NBFI		0.41	1.78%
Mudaraba GF, PF, SP & BF Deposit Account		0.95	4.13%
Smart Junior Saver (School Banking)		0.59	2.56%
GL Account			5.09%