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 ( August 01, 2020 ):

Name of the Product Distributable Investment Income Sharing Ratio (ISR)
Client Bank
Mudaraba Term Deposit Account (MTDA)    
1 1 Month tenure 40 60
2 2 Month tenure 40 60
3 3 Month tenure (Individual) 90 10
4 3 Month tenure (Institutional) 62 38
5 6 Month tenure (Individual) 90 10
6 6 Month tenure   (Institutional) 62 38
7 1 Year- tenure (Individual) 90 10
8 1 Year- tenure (Institutional) 62 38
9 2 Year-tenure (Individual) 90 10
10 2 Year-tenure (Institutional) 62 38
11 3 Year-tenure (Individual) 90 10
12 3 Year-tenure (Institutional) 62 38
13 2 Year-tenure (Individual) 90 10
14 4 Year-tenure (Institutional) 62 38
15 5 Year-tenure (Individual) 90 10
16 Mudaraba Term Deposit Account (MTDA) 62 38
Corporate Term Deposit Account (CTDA)   [Institutional deposit only)
1 3 month tenure ( Tk. 1 Crore and above) 62 38
2 6 month tenure (Tk. 1Crore and above) 62 38
3 1 Year tenure (Tk. 1Crore and above) 62 38
Corporate Term Deposit Account (CTDA)   [Institutional deposit only)
1 1 year tenure 80 20
2 2 year tenure 82 18
3 3 year tenure 85 15
4 4 year tenure 85 15
5 5 year tenure    85 15
Name of the Product Distributable Investment Income Sharing Ratio (ISR)
Client Bank
Mudaraba Deposit Pension Scheme (MDPS) : 3 Years - 12 Years 85 15
Mudaraba Hajj Savings Scheme (MHSS) : 1 Years - 10 Years 88 12
Cash Waqf 88 12
Mudaraba Savings Account (MSA) 40 60
Mudaraba Savings Account-Staff (MSA-Staff) 40 60
Mudaraba Corporate Privilege Savings Account (MCPSA) 40 60
Mudaraba Special Notice Deposit Account (MSND) 35 75
Smart Junior Saver (School Banking) Account 50 50
Mudaraba Savings Account-Smart (MSA-Smart) 40 60
BA Islamic General Account 95 5

 

 


Historical Rate of Profit


Year Title Details
2021 Month wise Annualized Profit Rate - 2021 (From August 2021)
2021 Month wise Annualized Profit Rate - 2021
2020 Month wise Annualized Profit Rate - 2020
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 - August 2021

 

Sl. Mudaraba Saving Accounts Tenure Annualized Profit Rate
01 Mudaraba Savings Account (MSA) - 2.49%
02 Mudaraba Corporate Privileged Savings Account (MCPSA) - 2.49%
03 Mudaraba Savings Account (MSA - Smart) - 2.49%
04 Mudaraba Special Notice Deposit Account (MSNDA) - 2.18%
05 Smart Junior Saver (School Banking) Account - 3.11%
Sl. Mudaraba Deposit Schemes Tenure Annualized Profit Rate
01 Mudaraba Hajj Savings Scheme(MHSS) 1 to 10 years 5.48%
02 Mudaraba Deposit Pension Scheme(MDPS) 3 to 12 years 5.29%
03 Mudaraba Monthly Profit Paying Deposit Scheme (MMPPDS) 1 Year 4. 98%
04 Mudaraba Monthly Profit Paying Deposit Scheme (MMPPDS) 2 Years 5.11%
05 Mudaraba Monthly Profit Paying Deposit Scheme (MMPPDS) 3 to 5 Years 5.29%
06 Cash Waqf Perpetual 5.48%
Sl. Mudaraba Term Deposits Tenure Annualized Profit Rate
01 Mudaraba Term Deposit Accounts 1 Month 2.49%
02 Mudaraba Term Deposit Accounts   2 Months 2.49%
03 Mudaraba Term Deposit Accounts ( Individual)  3 Months 5.60%
04 Mudaraba Term Deposit Accounts(Institutional) 3 Months 3.86%
05 Mudaraba Term Deposit Accounts( Individual)     6 Months 5.60%
06 Mudaraba Term Deposit Accounts(Institutional)     6 Months 3.86%
07 Mudaraba Term Deposit Accounts( Individual) 1 Year 5.60%
08 Mudaraba Term Deposit Accounts(Institutional) 1 Year 3.86%
09 Mudaraba Term Deposit Accounts( Individual) 2 Year 5.60%
10 Mudaraba Term Deposit Accounts(Institutional) 2 Year 3.86%
11 Mudaraba Term Deposit Accounts( Individual) 3 Year 5.60%
12 Mudaraba Term Deposit Accounts(Institutional) 3 Year 3.86%
13 Mudaraba Term Deposit Accounts( Individual) 4 Year 5.60%
14 Mudaraba Term Deposit Accounts (Institutional) 4 Year 3.86%
15 Mudaraba Term Deposit Accounts( Individual) 5 Year 5.60%
16 Mudaraba Term Deposit Accounts(Institutional) 5 Year 3.86%
Sl. Corporate Term Deposit Account (CTDA)   [Institutional deposit only] Tenure Annualized Profit
01 Corporate Term Deposit Account  3 Months 3.86%
02 Corporate Term Deposit Account   6 Months 3.86%
03 Corporate Term Deposit Account 1 Year 3.86%

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