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

0.65

4.50%

2

2 month tenure

0.65

4.50%

3

3 month tenure (Individual)

1.13

8.00%

4

3 month tenure (Institutional)
(Below  Tk.1 Crore)

1.00

7.10%

5

3 month tenure (Institutional)
(Tk.1 Crore to below 10 Crore)

1.08

7.65%

6

3 month tenure (Institutional)
(Tk.10 Crore & above)

1.10

7.85%

7

6 month tenure (Individual)

1.13

8.00%

8

6 month tenure (Institutional)

1.08

7.65%

9

1 Year tenure (Individual)

1.13

8.00%

10

1 Year tenure (Institutional)

1.13

8.00%

11

2 Year tenure (Individual)

1.13

8.00%

12

2 Year tenure (Institutional)

1.13

8.00%

13

3 Year tenure (Individual)

1.13

8.00%

14

3 Year tenure (Institutional)

1.13

8.00%

15

4 Year tenure (Individual)

1.13

8.00%

16

4 Year tenure (Institutional)

1.13

8.00%

17

5 Year tenure (Individual)

1.13

8.00%

18

5 Year tenure (Institutional)

1.13

8.00%

Corporate Term Deposit Account (CTDA)  
[Institutional deposit only]

 

 

1

3 month tenure (Tk. 1 Crore and below 10 Crore)

1.08

7.65%

2

3 month tenure (Tk. 10 Crore and above)

1.10

7.85%

3

6 month tenure (Tk. 1 Crore and below 10 Crore)

1.10

7.85%

4

6 month tenure (Tk. 10 Crore and above)

1.13

8.00%

5

1 Year tenure  (Tk. 1 Crore and below 10 Crore)

1.13

8.00%

6

1 Year tenure  (Tk. 10 Crore and above)

1.13

8.00%

Mudaraba Monthly Profit Paying Deposit
 Scheme (MMPPDS)

 

 

1

1 year tenure

1.06

7.55%

2

2 year tenure

1.06

7.55%

3

3 year tenure

1.13

8.00%

4

4 year tenure

1.13

8.00%

5

5 year tenure

1.13

8.00%

Mudaraba Deposit Pension Scheme
(MDPS) 3 – 12 Years

1.06

7.55%

Mudaraba Hajj Savings Scheme
(MHSS) 1 Year – 10 Years

1.13

8.00%

Cash Waqf

1.13

8.00%

Mudaraba Savings Account (MSA)

0.56

4.00%

Mudaraba Savings Account-Staff (MSA-Staff)

0.56

4.00%

Mudaraba Savings Account - Smart (MSA - Smart)

0.56

4.00%

Mudaraba Corporate Privilege Savings Account (MCPSA)

0.56

4.00%

Mudaraba Special Notice Deposit (MSND)

0.50

3.60%

Mudaraba Special Notice Deposit (MSND) for NBFI

0.44

3.10%

Mudaraba GF, PF, SP & BF Deposit Account

0.94

6.70%

Smart Junior Saver (School Banking)

0.65

4.50%