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 |
Proposed Provisional |
|
|---|---|---|---|
|
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) |
1.00 |
7.10% |
|
5 |
3 month tenure (Institutional) |
1.08 |
7.65% |
|
6 |
3 month tenure (Institutional) |
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) |
|
|
|
|
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 |
|
|
|
|
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 |
1.06 |
7.55% |
|
|
Mudaraba Hajj Savings Scheme |
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% |
|
| Year | Title | Details |
| 2024 | Month wise Annualized Profit Rate - 2024 |  |
| 2023 | Month wise Annualized Profit Rate - 2023 | |
| 2022 | Month wise Annualized Profit Rate - 2022 | |
| 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 | |
| Sl. | Mudaraba Saving Accounts | Tenure | Annualized Profit Rate |
| 01 | Mudaraba Savings Account (MSA) | - | 4.01% |
| 02 | Mudaraba Savings Account-Staff (MSA-Staff) | - | 4.01% |
| 03 | Mudaraba Corporate Privileged Savings Account (MCPSA) | - | 4.01% |
| 04 | Mudaraba Savings Account (MSA - Smart) | - | 4.01% |
| 05 | Mudaraba Special Notice Deposit Account (MSNDA) | - | 3.56% |
| 06 | Smart Junior Saver (School Banking) Account | - | 4.45% |
| 07 | Gf-Pf-Sp & Bf Special Deposit A/C | - | 6.68% |
| Sl. | Mudaraba Deposit Schemes | Tenure | Annualized Profit Rate |
| 01 | Mudaraba Hajj Savings Scheme(MHSS) | 1 to 10 years | 8.02% |
| 02 | Mudaraba Deposit Pension Scheme(MDPS) | 3 to 12 years | 7.57% |
| 03 | Mudaraba Monthly Profit Paying Deposit Scheme (MMPPDS) | 1 Year | 7.57% |
| 04 | Mudaraba Monthly Profit Paying Deposit Scheme (MMPPDS) | 2 Years | 7.57% |
| 05 | Mudaraba Monthly Profit Paying Deposit Scheme (MMPPDS) | 3 to 5 Years | 8.02% |
| 06 | Cash Waqf | Perpetual | 8.02% |
| Sl. | Mudaraba Term Deposits | Tenure | Annualized Profit Rate |
| 01 | Mudaraba Term Deposit Accounts | 1 Month | 4.45% |
| 02 | Mudaraba Term Deposit Accounts | 2 Months | 4.45% |
| 03 | Mudaraba Term Deposit Accounts ( Individual) | 3 Months | 8.02% |
| 04 | Mudaraba Term Deposit Accounts(Institutional) | 3 Months (Below Tk.1 Crore) | 7.12% |
| 05 | Mudaraba Term Deposit Accounts(Institutional) | 3 Months (Tk.1 Crore & below 10 Crore) | 7.66% |
| 05 | Mudaraba Term Deposit Accounts(Institutional) | 3 Months (Tk.10 Crore &above) | 7.84% |
| 06 | Mudaraba Term Deposit Accounts( Individual) | 6 Months | 8.02% |
| 07 | Mudaraba Term Deposit Accounts(Institutional) | 6 Months | 7.66% |
| 08 | Mudaraba Term Deposit Accounts( Individual) | 1 Year | 8.02% |
| 09 | Mudaraba Term Deposit Accounts(Institutional) | 1 Year | 8.02% |
| 10 | Mudaraba Term Deposit Accounts( Individual) | 2 Year | 8.02% |
| 11 | Mudaraba Term Deposit Accounts(Institutional) | 2 Year | 8.02% |
| 12 | Mudaraba Term Deposit Accounts( Individual) | 3 Year | 8.02% |
| 13 | Mudaraba Term Deposit Accounts(Institutional) | 3 Year | 8.02% |
| 14 | Mudaraba Term Deposit Accounts( Individual) | 4 Year | 8.02% |
| 15 | Mudaraba Term Deposit Accounts (Institutional) | 4 Year | 8.02% |
| 16 | Mudaraba Term Deposit Accounts( Individual) | 5 Year | 8.02% |
| 17 | Mudaraba Term Deposit Accounts(Institutional) | 5 Year | 8.02% |
| Sl. | Corporate Term Deposit Account (CTDA) [Institutional deposit only] | Tenure | Annualized Profit |
| 01 | 3 month tenure (Tk. 1 Crore and below 10 Crore) | 3 Months | 7.66% |
| 02 | 3 month tenure (Tk. 10 Crore and above) | 3 Months | 7.84% |
| 03 | 6 month tenure (Tk. 1 Crore and below 10 Crore) | 6 Months | 7.84% |
| 04 | 6 month tenure (Tk. 10 Crore and above) | 6 Months | 8.02% |
| 05 | 1 Year tenure (Tk. 1 Crore and below 10 Crore) | 1 Year | 8.02% |
| 06 | 1 Year tenure (Tk. 10 Crore and above) | 1 Year | 8.02% |
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|
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 |
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